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On Thursday, video analytic and collaboration company Vyopta received $5 million investment in Series A funding led by AVX Partners. The funding will be used to strengthen the company's product development.

Vyopta is an industry leader in video and unified collaboration analytics, providing a cloud-based system to monitor and improve the performance of large video and web collaboration networks. Founded in 2007, the company targeted large enterprises market to allow them simplifying management with video and web collaboration tools.

Vyopta's flagship product is vAnalytics platform,which served as tool to provide a single, intuitive system to monitor, support and optimize growing video and unified collaboration networks.

As for now, the company has served 70 large enterprise customers from multiple sectors in financial, technology, healthcare, consumer products, education, and government sectors. One of the customers is Vistaprint, company that provide mass customization and web-to-print system.

The Austin-based company on Thursday announced to receive a $5 million Series fund led by AVX Partners. CEO Afredo Ramirez told PE Hub Network, "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." In regard to the new investment he added, "Our partnership with AVX will ultimately help to establish Vyopta as a core technology company in Austin and in our industry."

AVX Partners, firm that lead the funding round is managed by a veteran venture capitalists Chris Pacitti as a managing member of the firm and also as general partner at Austin Ventures. Speaking about the firm investment in the video collaboration network, as quoted by Silicon Hills News, 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." Furthermore he said, "The enthusiasm coming from our hand-selected advisory team combined with Vyopta's achievements and vision felt like a perfect match for AVX."

What Pacitti meant was, altogether with the funding, AVX Partner will also provide a designated team of C-suite-level operational advisors to support Vyopta with marketing, development and operations. The team will consist of alumni from the enterprise IT infrastructure management company, SolarWinds. They are former CEO Mike Bennett, former CMO Rita Selvaggi and former VP of Technology Josh Stephens.

Former CEO of SolarWinds Mike Bennet, as cited by Business Wire, admired the company saying, "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." He also acknowledged the role of Vyopta as an industry leade "The video and unified collaboration market is growing significantly and now Vyopta will be well-positioned to be a leader in the industry."

Vyopta received a $5 million Series A funding led by AVX Partners. The company will use the fund to enhance its product development, and recruit more staffs.