About BarrelSense
BarrelSense is a company based in Lafayette (United States) founded in 2022 by Ethan Hirsh and Andrew Dubin.. BarrelSense has raised $1.13 million across 1 funding round. BarrelSense offers products and services including Leak Detection, Yield Optimization, and Data Driven Insights. BarrelSense operates in a competitive market with competitors including The IWSR, Canadean, Beverage Marketing, AMOREVINO and HDScores, among others.
- Headquarter Lafayette, United States
- Founders Ethan Hirsh, Andrew Dubin
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Barrel Sense Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.13 M (USD)
in 1 rounds
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Latest Funding Round
$1.13 M (USD), Seed
Jul 01, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of BarrelSense
BarrelSense offers a comprehensive portfolio of products and services, including Leak Detection, Yield Optimization, and Data Driven Insights. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Identifies barrel leaks to minimize product and revenue losses.
Analyzes factors to predict and improve spirits maturation yields.
Provides insights on environmental impacts for better distilling decisions.
Funding Insights of BarrelSense
BarrelSense has successfully raised a total of $1.13M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.13 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.1M
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First Round
First Round
(01 Jul 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - BarrelSense | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by BarrelSense
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BarrelSense
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Barrelsense Comparisons
Competitors of BarrelSense
BarrelSense operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The IWSR, Canadean, Beverage Marketing, AMOREVINO and HDScores, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Data and insights on alcoholic beverage markets are provided.
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Delivers comprehensive market research and analysis for the beverage industry.
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Offers beverage industry research, databases, reports, and custom services.
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| domain | founded_year | HQ Location |
Wine data is provided through an integrated industry platform.
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| domain | founded_year | HQ Location |
Delivers analytics solutions tailored for restaurants.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about BarrelSense
When was BarrelSense founded?
BarrelSense was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is BarrelSense located?
BarrelSense is headquartered in Lafayette, United States. It is registered at Lafayette, Louisiana, United States.
Who is the current CEO of BarrelSense?
Michael DePalma is the current CEO of BarrelSense.
Is BarrelSense a funded company?
BarrelSense is a funded company, having raised a total of $1.13M across 1 funding round to date. The company's 1st funding round was a Seed of $1.13M, raised on Jul 01, 2024.
What does BarrelSense do?
BarrelSense was founded in 2022 and is based in Lafayette, United States. An IoT-based platform is operated to monitor and analyze conditions of barrels in the barrel-aged spirits sector. Data on alcoholic beverages is supplied, supporting optimization of storage processes, predictive maintenance schedules, and efforts to minimize waste across production operations.
Who are the top competitors of BarrelSense?
What products or services does BarrelSense offer?
BarrelSense offers Leak Detection, Yield Optimization, and Data Driven Insights.