Company news
Freshworks to acquire Israeli startup Torii to help companies control AI costs
Acquired by Freshworks
Published 17 October 2026
WHAT HAPPENED
Freshworks announced it will acquire Torii, an Israeli startup founded in 2017 that has raised $65 million to date. The acquisition will integrate Torii's capabilities into Freshservice to add software management and AI spending oversight features.
WHO IS INVOLVED
Freshworks is acquiring Torii, which helps companies track applications, licenses, and AI consumption across their organizations.
WHY IT MATTERS
As organizations adopt multiple AI tools across departments, Torii's technology addresses the need to manage software spending and AI costs from a single platform, preventing duplicate purchases and controlling expenses.
- Type
- Acquired
- Category
- IAM
- Source
- linkedin.com ↗
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