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Vyopta secures $5 Million in Series A Funding from AVX Partners
Austin-based video and unified collaboration analytics company poised for rapid growth
AUSTIN, Texas--(BUSINESS WIRE)--Vyopta Incorporated, the industry leader in video and unified collaboration analytics, today announced a $5 million Series A funding round led by Austin-based AVX Partners (AVX). This is the first venture capital round for Vyopta, a growing tech startup that helps large enterprises increase the use of video to improve how they collaborate internally and serve customersAUSTIN, Texas--(BUSINESS WIRE)--Vyopta Incorporated, the industry leader in video and unified collaboration analytics, today announced a $5 million Series A funding round led by Austin-based AVX Partners (AVX). This is the first venture capital round for Vyopta, a growing tech startup that helps large enterprises increase the use of video to improve how they collaborate internally and serve customers.
"Our partnership with AVX will ultimately help to establish Vyopta as a core technology company in Austin and in our industry."
Vyopta has more than 70 large enterprise customers with a combined total of 3 million employees ranging from Vista Print to the U.S. Department of Veteran Affairs. The company is known for its vAnalytics™ platform, which provides a single, intuitive system for large enterprises to monitor, support and optimize their growing video and unified collaboration networks.
"Vyopta is a rising player in Austin's tech scene, and we are excited to use this funding to develop our products and build out our organization with over 35 planned hires in the next few months," said Alfredo Ramirez, CEO of Vyopta. "Our partnership with AVX will ultimately help to establish Vyopta as a core technology company in Austin and in our industry."
Leading the funding round is AVX Partners. At the helm of the investment is seasoned venture capitalist Chris Pacitti, managing member of AVX Partners as well as general partner at Austin Ventures. Along with the initial funding, AVX Partners will provide a designated team of C-suite-level operational advisors to support Vyopta with marketing, development and operations. The advisory team includes three alumni of Austin-based SolarWinds: former CEO Mike Bennett, former CMO Rita Selvaggi and former VP of Technology Josh Stephens.
"The enthusiasm coming from our hand-selected advisory team combined with Vyopta's achievements and vision felt like a perfect match for AVX," Pacitti said. "Vyopta is distinct in their category, they have a strong management team in place and we are excited to back them and take things to the next level."
With the support of the advisory team and Vyopta's expanding product platform, Vyopta is planning on increasing its 25-person team to more than 60 by July 2016. New hires will include positions in software development, product management, sales, marketing and customer success.
"Vyopta built a competitive product set without any outside capital--something that takes a lot of discipline and is unique in early-stage tech companies," said Mike Bennett, former CEO of SolarWinds. "The video and unified collaboration market is growing significantly and now Vyopta will be well-positioned to be a leader in the industry."
Founded and headquartered in Austin, Texas, Vyopta provides a single system to monitor and improve the performance of large video and web collaboration networks. Its products monitor more than 400 million video collaboration minutes per year on collaboration infrastructure technology from vendors including Cisco, Polycom, Microsoft, Vidyo, Acano and Pexip. vAnalytics is used by many of the largest private and public sector enterprises in the world across more than 20 industries including health care, technology, financial services, government, higher education and more. To learn more about Vyopta's products, visit http://www.vyopta.com.
About AVX Partners
AVX Partners (AVX) is an Austin-based venture capital firm focused on growth-stage software and cloud investments. AVX's limited partners are a unique mix of successful entrepreneurs, emerging company operating executives, professional investors, influential community members and large family offices. A subset of the limited partners (LPs) actively engages in each AVX investment, providing unique value to each portfolio company. To learn more about AVX, visit www.avx.partners.
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