In recent years, the number of SaaS (Software as a Service) subscriptions that businesses use has skyrocketed. With each subscription comes a new login, billing cycle, and data point to manage. This can quickly become overwhelming, especially for larger organizations. That’s where Torii comes in. In this article, we’ll explore what Torii is, how it works, and why it’s making waves in the SaaS management space.
What is Torii?
Torii is a SaaS platform that helps companies manage their various software subscriptions in one central location. Its core functionality includes tracking expenses, identifying redundancies, and simplifying workflows. It’s an all-in-one solution for managing SaaS, PaaS (Platform as a Service), and IaaS (Infrastructure as a Service) subscriptions.
Torii was founded in 2017 by Uri Haramati and Uri Nativ, who previously co-founded Wing Capital, a venture capital firm that invested in tech companies such as Gett, Waze, and IronSource. Haramati and Nativ saw firsthand how difficult it was for companies to manage their SaaS subscriptions and decided to create a platform to simplify the process.
How Does Torii Work?
Torii works by integrating with a company’s existing SaaS applications and collecting data about their usage and billing. It then provides insights into which applications are being used the most and which ones are costing the most money. It also identifies any redundancies in the software stack and provides recommendations for which subscriptions can be canceled or consolidated.
Torii also streamlines the purchasing and onboarding process for new subscriptions. Employees can request new software through Torii, and the platform will automatically route the request to the appropriate manager for approval. Once approved, Torii will take care of the billing and account setup, ensuring that the new subscription is properly integrated with the company’s existing applications.
Why is Torii Making Waves in the SaaS Management Space?
Torii has been gaining attention in the tech industry for its innovative approach to managing SaaS subscriptions. In 2020, Torii raised $10 million in a Series A funding round led by Wing Capital, the same venture capital firm co-founded by Torii’s founders. This funding round brought Torii’s total funding to $15.6 million.
In addition to its funding success, Torii has also been recognized by industry publications. In 2020, Torii was named a finalist in the “Best SaaS Management Platform” category in the SaaS Awards, an annual awards program that recognizes excellence in cloud computing. It was also featured in a TechCrunch article highlighting the rise of SaaS management platforms.
In conclusion, Torii is a SaaS platform that helps companies manage their various software subscriptions in one central location. Its core functionality includes tracking expenses, identifying redundancies, and simplifying workflows. It was founded by Uri Haramati and Uri Nativ, who previously co-founded Wing Capital, and has gained attention in the tech industry for its innovative approach to SaaS management. As the number of SaaS subscriptions continues to grow, platforms like Torii will become increasingly valuable for businesses looking to streamline their operations and reduce costs.