About InTANK
InTANK is a company based in Baltimore (United States) founded in 1980 was acquired by A.Hak Industrial Services in November 2010.. InTANK has raised $22 million across 2 funding rounds from investors including The Carlyle Group, A.Hak Industrial Services and Riverstone Holdings. InTANK operates in a competitive market with competitors including Cyberhawk, American Aerospace, SkyX, Air Control Entech and Veeder-Root, among others.
- Headquarter Baltimore, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22 M (USD)
in 2 rounds
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Latest Funding Round
$5 M (USD), Series B
Nov 18, 2002
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Investors
The Carlyle Group
& 2 more
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Employee Count
Employee Count
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Acquired by
A.Hak Industrial Services
(Nov 06, 2010)
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Funding Insights of InTANK
InTANK has successfully raised a total of $22M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in November 2002. 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 2
- Last Round Series B — $5.0M
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First Round
First Round
(16 Nov 2001)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2002 | Amount | Series B - InTANK | Valuation |
investors |
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| Nov, 2001 | Amount | Series B - InTANK | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in InTANK
InTANK has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include The Carlyle Group, A.Hak Industrial Services and Riverstone Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Asset management firm investing in energy, power, and infrastructure globally.
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Founded Year | Domain | Location | |
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Equestrian services and facilities are provided in the Netherlands.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by InTANK
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - InTANK
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Intank Comparisons
Competitors of InTANK
InTANK 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 Cyberhawk, American Aerospace, SkyX, Air Control Entech and Veeder-Root, 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.
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Quantified visual inspection solutions provider
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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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Latest news on Intank
Frequently Asked Questions about InTANK
When was InTANK founded?
InTANK was founded in 1980 and raised its 1st funding round 21 years after it was founded.
Where is InTANK located?
InTANK is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Is InTANK a funded company?
InTANK is a funded company, having raised a total of $22M across 2 funding rounds to date. The company's 1st funding round was a Series B of $17M, raised on Nov 16, 2001.
What does InTANK do?
InTANK was established in 1980 in Baltimore, United States, with a focus on robotic systems for the in-service inspection and cleaning of above-ground storage tanks. Operations targeted the oil and gas, petrochemical, and power generation sectors. Several patents were held for the On-stream Tank Inspection System (OTIS). The company was acquired by A.Hak Industrial Services in November 2010.
Who are the top competitors of InTANK?
InTANK's top competitors include Cyberhawk, SkyX and American Aerospace.
Who are InTANK's investors?
InTANK has 3 investors. Key investors include The Carlyle Group, A.Hak Industrial Services, and Riverstone Holdings.
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