Ecotrak, an Irvine-based SaaS provider, has announced the completion of a $30 million funding round led by Respida Capital. The company works to equip organizations with actionable information to help them make better business decisions.

Ecotrak works to simplify facilities management through web and mobile applications. Its platform combines asset-specific data, automation and predictive analytics to reduce equipment downtime and maximize warranty claims. The company has experienced rapid growth and works with customers such as Inspire Brands, Flynn Group, Dutch Bros Coffee and Dave & Buster’s.

With its fresh capital, Ecotrak plans to accelerate product development and go-to-market efforts. It hopes to further capitalize on opportunities to deliver customer impact and solidify its market position within the enterprise asset management space.