Participated · Series B · Feb 2022

Torii provides a SaaS management tool that discovers an organization’s cloud applications, analyzes usage and spend, and automates actions to improve ROI, governance, and security. The company surfaced metrics from customer data showing organizations add an average of 19 new cloud apps per month, 75% of which are non‑sanctioned, and that roughly 35% of app licenses go unused. Torii has grown quickly, reporting over 300% growth in annual recurring revenue and serving customers including Instacart, Carrier Corporation, Bumble, Athletic Greens and Palo Alto Networks. The team expanded from 15 employees after the Series A to 70, and the company plans to scale to about 200 employees by the end of 2022. Product plans emphasize increasing the number of integrations (over 130 tools today) and investing in product engineering, marketing, sales and customer success. The company frames its product as addressing rising spend, waste, and security complexity as enterprises adopt more cloud tooling. Torii offers an automation engine that discovers and manages an organization’s SaaS tools and a no-code workflow engine to automate actions like employee onboarding and offboarding. The product is positioned to reduce SaaS sprawl by aggregating signals from multiple sources to create a trusted inventory and drive automation. Customers named in the article include Delivery Hero, Monday.com and Palo Alto Networks. Revenue grew 400% year-over-year last year. The company expanded its headcount from roughly a dozen to 25 employees and plans to reach 60 by the end of the year. Torii is working to expand the platform to add product recommendations and features for compliance and cost control; Uri Haramati, a co-founder and CEO, previously helped launch Houseparty and Meerkat. Torii provides a SaaS management platform that lets IT managers discover, audit, vet and control the SaaS apps employees use, optimize license utilization, and set up automated workflows. The product emphasizes visibility, insights and workflow automation to reduce manual, error-prone IT tasks. Torii says its roadmap will add more sophisticated and customizable automation components to the platform. The company plans to use recent funding to build a U.S.-based sales and customer success team to handle platform demand. Torii is already used by customers including Monday.com, SimilarWeb, Typeform, Payoneer, ClassPass, Delivery Hero and Thrive Global. The team is led by CEO Uri Haramati, with experienced engineering and product leadership and an advisor from Palo Alto Networks.

Participated · Series A · Oct 2020

Aperio provides a software platform that detects and fixes poor operational data quality at scale through visualization, prioritization, and remediation. The system ingests operational customer data captured in historians, databases, and data lakes and evaluates its quality using proprietary machine learning engines. Aperio's platform is designed to help industry leaders improve operational performance, mitigate risks, and enable data-driven decision making to deliver data services. Earlier in the year the company released APERIO DataWise 2.0, which added comprehensive root cause analysis and event pattern recognition and improved workflows and issue prioritization. The company intends to use the new funding to grow the team, invest in the product, and improve the customer experience. Aperio is led by CEO Jonas Hellgren and is based in Boston, MA. Aperio Systems offers an industrial data integrity platform that automatically validates operational data at scale using machine learning and AI. Its solution validates data in real time so organizations can reduce operational expenses, make better-informed strategic decisions, and turn validated industrial data into a competitive asset. Aperio serves global customers across sectors including refining, mining, manufacturing, power utilities, process manufacturing, oil & gas, and chemical processing where data integrity is crucial. The company highlights that data integrity has become the number-one inhibitor to maximizing ROI in digital solutions, with over 50% of data science budgets dedicated to cleaning data quality. With the new capital, Aperio plans to scale its industry-first IIoT data integrity solution and provide comprehensive, long-term support for global industrial leaders. Financially, the company has closed an $8.5M Series A to fund that expansion. Aperio Systems develops ML‑based tools that detect when physical sensor data in power plants and industrial sites has been forged by analysing normally filtered sensor noise to create individual sensor fingerprints. The system can both flag tampering and often reveal the underlying physical state so operators can choose between emergency shutdowns or controlled responses. Its solution integrates without requiring changes to existing plant setups. The company says it is currently active mostly in Israel and Europe, has begun work with a customer in Australia, and is evaluating expansion into Asia and the U.S. Aperio has about a dozen employees, mostly engineers. It plans to use the new funding to improve its core technology, build additional customer tools, and expand into new geographies.

Participated · Series A · Jul 2020

Butler provides a hospitality network with technology designed to foster community and connect travelers with the cities around them, optimizing traditional operating models beginning with Room Service. As an extension of its platform, the company continues to develop a portfolio of relevant dining concepts. Hospitality partners include Hilton, Hyatt, IHG, Marriott, and more. The company is led by founder and CEO Premtim Gjonbalic and is based in New York. Financially, the company raised $32M in this round, bringing total funding to north of $50M. Butler intends to use the funds to accelerate growth and expand operations, more than doubling its presence to 12 US markets and aiming to service nearly 250,000 rooms. Butler Hospitality operates ghost kitchens inside hotels, transforming hotel restaurants into delivery hubs that prepare Butler’s own curated menu and deliver directly to guests’ rooms in under thirty minutes. It partners directly with hotel operators and charges guests’ credit cards on file, using proprietary ordering and delivery-tracking technology and supporting bill-to-room payment. Founded in 2016 and launched out of the Entrepreneurs Roundtable Accelerator in 2017, Butler serves more than 30,000 keys in New York City and has grown rooms served over 100% year-over-year for three years. The company partners with brands including Museum of Ice Cream, &pizza, and Ess-a-Bagel, and during COVID-19 delivered over 175,000 meals to first responders and vulnerable populations. Butler plans to broaden service offerings and expand operations beyond New York City into Chicago, Miami, and Washington D.C., funded by the recent round. To date the company has raised $20.2M in funding.

Participated · Seed · Oct 2019

Riskcast Solutions provides a platform for construction teams to enter daily information including man hours, production quantities, notes, daily logs, and delivery tickets. Job-site leadership can track costs, productivity, and trends and identify wins and areas needing improvement on an ongoing basis. The company aims to eliminate outdated paper-based workflows and boost on-site productivity. It already counts multiple customers and several enterprise-level partnerships, including E-J Electric. Riskcast completed the Newark Venture Partners (NVP) Labs accelerator and designated its Newark, NJ space as its office headquarters. The company plans to use its new funding for sales, marketing, product development and to support its growing team.