Wander into almost any tech business in town and you're likely to find employees gathered around a laptop on a video conference call and others gathered in conference rooms throughout the office.
It's pretty simple, we achieve more when we collaborate. But managing those conference calls across a variety of vendors like Zoom and Microsoft -- not to mention making best use of those conference rooms -- can grow into a time-consuming job of its own.
Vyopta, an Austin-based workplace collaboration monitoring and analytics startup, has developed software to help manage the meeting mania and tie those various video conference vendors into workplace systems for smoother collaboration.
And investors see promise. On Wednesday, Vyopta announced it has closed a $7.5 million Series B funding round. The new money comes from Austin-based Elsewhere Partners, a relatively new venture capital firm led by Austin Ventures general partners Chris Pacitti and John Thornton.
As part of the deal, former Spredfast CEO Rod Favaron is joining Vyopta's board of directors as chairman. Meanwhile, Betsy Webb, a general manager at Microsoft, will join Vyopta's advisory board.
Vyopta already counts several large institutions as clients, including Stanford University and the US Department of Veterans Affairs. And the funding and board appointments come as companies of all types invest more in workplace collaboration and optimize conference room use, Vyopta CEO Alfredo Ramirez said in a news release.
“We are seeing accelerated traction with 80 percent growth in new and expansion business in the first half of 2019 ..." he said.
The new money brings Vyopta's total funding to about $14 million. It's 2016 Series A brought in $6 million and including backing from Austin-based AVX Partners. The company currently has a handful of jobs posted on its site.
