Freshworks to Acquire Torii to Add Software, AI Spend Management

08:39 AM EDT, 10/12/2026 (MT Newswires) -- Freshworks (FRSH) said Monday it signed a definitive agreement to buy Torii, a maker of tools that track companies' spending on software and artificial intelligence. No financial information was provided. Freshworks' Freshservice platform will gain software management and governance on AI spending, and the purchase is expected to close in Q4, subject to usual closing conditions, the company said. Torii's platform measures AI use at the token level, assigns the resulting costs to the teams driving them, and forecasts future spending, Freshworks said.