Parasense, Inc

Parasense, Inc specializes in advanced gas detection and monitoring solutions for various industries, enhancing safety and compliance through real-time environmental monitoring and alerts. Founded in 1989 in the United States, Parasense, Inc focuses on providing gas detection solutions. The company was acquired by Bacharach in May 2017, which is a part of Incline Equity. The founder's background and previous ventures are unspecified.

Parasense, Inc offers advanced gas detection and monitoring solutions primarily for the oil and gas, construction, and manufacturing industries. Their core product, the ALTAIR io 4, is a portable multi-gas detector that enhances worker safety by monitoring environmental conditions and providing real-time alerts. These devices help ensure compliance with safety regulations while improving operational efficiency. The company distributes its products across North America, Europe, and Asia and serves a diverse clientele including industrial facilities, emergency services, and safety professionals.

Parasense, Inc generates revenue through the sale of gas detection equipment and associated software services, such as the Grid Fleet Manager Service, which offers real-time monitoring and fleet management. Sales typically occur through direct transactions with industrial clients and partnerships with distributors. The company's products, including the ALTAIR io 4, are often sold alongside subscription-based services that provide ongoing support and compliance assurance, fostering long-term customer relationships. Following its acquisition by Bacharach, Parasense, Inc is exploring new product developments to enhance its gas detection offerings.

The recent funding from the acquisition will help support these initiatives. The company plans to expand its market reach, particularly targeting new regions in North America and Europe by the end of 2023. The focus will be on launching additional safety products designed for various industrial applications.