AUSTIN, Texas – July 10, 2019 – Vyopta, the leading developer of monitoring and analytics tools to optimize workplace collaboration, today announced the close of a $7.5 million Series B funding round by Elsewhere Partners. The funding will be used to deepen integrations with leading collaboration vendors including Cisco, Microsoft, Zoom and others, advance its platform’s ability to optimize collaboration performance, adoption and ROI, and expand its customer success and go-to-market teams.
“Companies are investing billions of dollars in collaboration technology and conference rooms to improve how their teams work together. Vyopta gives our customers the visibility and insights they need to fully leverage their technology investments, raise conference room utilization, and improve employee productivity,” said Alfredo Ramirez, CEO of Vyopta. “We are seeing accelerated traction with 80% growth in new and expansion business in the first half of 2019, and we look forward to working with Elsewhere Partners to improve the value we provide our customers and build a great company.”
Many of the world’s largest financial institutions, technology companies, healthcare providers, federal government agencies, pharmaceutical companies, and managed service providers rely on Vyopta to optimize their investments in collaboration technology (e.g., video, voice, messaging, conferencing) and conference rooms. Hundreds of large enterprises, including AIG, AstraZeneca, Shared Services Canada, Stanford University, and the US Department of Veterans Affairs use its Collaboration Performance Management and Room Insights products.