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Venture Capital News: Torii Closes $50M Series B Funding

2022-02-02
NEW YORK, NY, Torii, an automated SaaS Management Platform (SMP), has raised $50 million in Series B financing led by Tiger Global Management.
Torii, an automated SaaS Management Platform (SMP), has raised $50 million in Series B financing led by Tiger Global Management, bringing its total funding to $65 million.

Previous investors including Wing Venture Capital, Global Founders Capital, Uncork Capital, Entree Capital, and Scopus Ventures also participated in the round.

Torii is the #1 Automated SaaS Management Platform (SMP) for today's increasingly distributed, decentralized businesses. Unlike conventional tools, Torii empowers an organization's entire business to come together around their cloud apps and stay in perfect sync as their tech stack evolves. This accelerates innovation while eliminating millions of dollars in wasted licenses, hundreds of hours spent on manual operations, and protecting sensitive data flowing through known and Shadow IT apps.
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