# Torii Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/torii-labs

- Industry: Software
- Headquarters: Ra'anana, Israel
- Website: www.toriihq.com
- Total disclosed funding: $65M
- Latest round: Series B (Feb 2, 2022)
- Investors on record: 7

## About

Based in Israel, Torii Labs Ltd. operates as a SaaS Management Platform (SMP) provider, offering advanced tools for organizations to manage their software applications effectively.Founded in 2017 in Ra'anana, Israel, Torii Labs Ltd. specializes in SaaS management solutions. The company was co-founded by Tal Bereznitskey, Uri Haramati, and Uri Nativ. With a total of 4 deals, they raised USD 50.00 mn in SERIES B funding on February 2, 2022, led by Tiger Global Management, with participation from Entrée Capital, Global Founders Capital, Scopus Ventures, Uncork Capital, and Wing.Torii offers a comprehensive SaaS Management Platform (SMP) designed to streamline the management of software applications within organizations. The platform enables IT professionals to discover, analyze, and govern their SaaS applications through advanced AI-driven discovery and mapping capabilities. By identifying shadow IT and providing insights into application usage, Torii empowers organizations to optimize their software expenses, eliminate redundant applications, and enhance compliance with governance standards. The company's product suite includes tools for license monitoring, budget tracking, and automating IT tasks, which aim to simplify workflows and reduce administrative burdens. Torii serves a diverse clientele ranging from small enterprises to Fortune 500 companies across various geographical markets, including North America, Europe, and Asia-Pacific, ensuring that organizations can effectively manage their SaaS environments irrespective of their operational location.Torii generates revenue primarily through a subscription-based model, offering tiered pricing plans that cater to different organizational needs. Clients typically engage with the platform on an annual basis, with options for monthly billing based on the selected service tier. The flagship product, the SaaS Management Platform, provides essential functionalities such as app discovery, cost tracking, and compliance management, which are critical for organizations managing multiple SaaS applications. Specific pricing structures are aligned with the range of features included in each plan, allowing clients to choose a level of service that best fits their operational requirements. By facilitating direct transactions with businesses, Torii's model emphasizes B2B relationships, providing ongoing support and customer success services to enhance user experience and retention.In February 2022, Torii Labs Ltd. raised USD 50.00 mn in SERIES B funding to grow its sales organization in the U.S. and develop its engineering groups in Israel. The company aims to expand integration with other applications and enhance usage scenarios within customer organizations. Torii plans to release new functionalities in its SaaS Management Platform and is targeting further expansion into North America and Europe, leveraging the recent funding to support these strategic initiatives.

## Funding rounds

- Series B, Feb 2, 2022, $50M — Tiger Global Management, Uncork Capital, Entree Capital, Global Founders Capital, Wing, Scopus Ventures
- Series A, Feb 18, 2021, $10M — Uncork Capital, Entree Capital, Global Founders Capital, Wing, Scopus Ventures
- Seed, May 21, 2019, $3.5M — Uncork Capital, Entree Capital, Global Founders Capital
- Seed, Apr 1, 2017, $1.5M — Entree Capital, LocalGlobe

## Investors

- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Seed, Series A, Series B
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Seed, Series A, Series B
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A, Series B
- Wing (https://capitalatlas.ai/funds/wing) — Series A, Series B
- Scopus Ventures (https://capitalatlas.ai/funds/scopus-ventures) — Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B