The Torii team has spent a lot of time building a SaaS platform to help companies save time and money. Among their features are a cloud-based machine learning application that can automatically create workflows and reduce offboarding time by 75 percent. They also have a team of seasoned software and business professionals who have a track record of successfully raising capital and acquiring clients.
Founders
Torii, a company that automates enterprise SaaS management, has raised a $10 million Series A funding round led by Wing Venture Capital. The company is also leveraging the new capital to expand its engineering team in Israel. As part of the financing, Wing VC Partner Jake Flomenberg will join Torii’s board of directors.
Torii provides a single view of all discovered apps, a feat made possible by the company’s Unified Software Graph, which analyzes millions of data points. This enables users to create automated workflows for specific apps. In addition to its core automation capabilities, Torii also offers robust spend and compliance management.
SaaS platform
Torii is an enterprise SaaS management platform. It offers a single view of all applications discovered by the platform and automates workflows on the backend. With the Torii suite, companies can control their SaaS costs, streamline employee onboarding, and ensure compliance. The platform also features an orchestration engine that allows for no-code automation of any internal IT process.
Torii recently closed its Series B round, raising $50 million led by Tiger Global Management. Previous investors included Uncork Capital and the Global Founders Club. This round was a year after the company raised $10 million in Series A funding, bringing the total raised to $65 million.
Machine learning
Machine learning and Artificial Intelligence are making an impact in the venture ecosystem. There are a number of firms that are leveraging AI and ML for their investment processes. Some of them are Stravito, Algorithmia, and Torii. These startups have raised funding to support their growth.
Founded by Andreas Lee and Anders Orbom, Stravito is a’search engine’ that combines Natural Language Processing and Machine Learning. This allows users to search for market research reports, competitive analysis, and financial analysis.
Torii’s platform enables organizations to build a unified software graph and analyze millions of data points. The company’s technology also offers complete visibility into enterprise SaaS spend and security. It has already closed a $10 million Series A financing round led by Wing Venture Capital. Now, the company is looking to expand its data science and engineering teams in the US and Israel.
Automated workflows
If you are looking for ways to automate workflows, look no further than Torii. With its SaaS management platform, Torii is able to provide you with accurate software usage data.
The copany’s platform is a combination of automation, compliance and security. This platform can help businesses streamline their tech stack and make better decisions. It can also help IT professionals save time.
Torii’s platform provides a no-code engine that can automate any internal IT process. Torii’s automation capabilities can be used to create custom playbooks. They can even be built against a unified software graph.
One of the most important aspects of automating workflows is defining the goal. Whether the process is designed to save time or improve efficiency, you should set goals before you begin. Having clear goals will help you track the results of the automation process.
Reduced IT hours spent on offboarding by 75%
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Funding
SaaS has become the de facto standard in the last decade. While the influx of new applications has improved employee experience and productivity, they have also rendered the enterprise software stack unmanageable without dedicated IT resources. This is where Torii comes in. Not only does it help users identify and manage the best apps, it is also able to proactively protect them from being compromised.
Torii aspires to be the one stop shop for all things software related. Currently, the company is made up of 30 people. Despite its modest staff, it has grown 300 percent in the last 12 months. That’s not all: they’ve also secured a few million dollars in venture funding.
