Freshworks to acquire Israeli startup Torii to help companies control AI costs

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.

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