Company Overview
Snapshot
Founded in March 2017 by Uri Haramati, Uri Nativ, and Tal Bereznitskey, Torii Labs operates with 51–200 employees. The company has raised $65 million across 4 funding rounds from 8 investors, with Entrée Capital participating in multiple rounds. In February 2022, Torii Labs secured a Series B funding round with.
Business overview
Torii Labs provides a SaaS management platform designed for IT operations, enabling organizations to efficiently utilize cloud-based software resources. Its core technology maps, analyzes, and automates SaaS management operations, offering insights into costs, utilization, security, and compliance. The platform serves enterprises by providing a unified system for cloud applications, users, and licenses, and automates routine IT lifecycle activities to streamline SaaS application management. Torii Labs operates within the Business Software sector, focusing on IT & Network Management, Software Development Tools, and Data Analysis & Decision Support.
Strategic signal
In June 2023, Torii Labs underwent a restructuring process, including a second round of layoffs affecting 28 employees, following an earlier round in January. This indicates a strategic shift towards achieving profitability amidst challenging market conditions, signaling to investors a focus on operational efficiency and financial sustainability in the competitive SaaS market.
Log in to access full profile ›Company Intelligence Q&A
- What was the most recent significant operational change at Torii Labs?
- In June 2023, Torii Labs conducted a second round of layoffs, impacting 28 employees, as part of a broader restructuring effort aimed at achieving profitability. This followed an initial round of layoffs in January 2023.
- When did Torii Labs complete its Series B funding round and who were the lead investors?
- In February 2022, Torii Labs completed its Series B funding round. Tiger Global Management and Entrée Capital were lead investors in this round.
- Which companies are notable customers of Torii Labs?
- Torii Labs serves a range of notable customers including monday.com, Appsflyer, Fiverr, Payoneer, Instacart, Carrier Corporation, Athletic Greens, and Palo Alto Networks.
- What was the focus of Torii Labs' Series A funding round in February 2021?
- In February 2021, Torii Labs announced a Series A funding round led by.
- What was the purpose of the seed funding round secured by Torii Labs in May 2019?
- In May 2019, Torii Labs secured a seed funding round led by. The funding was intended to integrate better mechanisms for workflow automation and support the company's US-based commercial activities.