TankScan

What TankScan does

TankScan is a privately held industrial-IoT company headquartered in Eden Prairie, Minnesota, founded in 2003. The company provides wireless tank monitoring services that deliver daily reports of tank readings and fuel inventory levels, targeting customers who need continuous visibility into on-site fuel and fluid storage — most likely propane distributors, fuel-oil dealers, fleet operators, and industrial fluid handlers, based on the standard addressable market for this product category.

The core product offering centers on wirelessly connected tank sensors that transmit readings on a recurring basis, paired with a fuel inventory system that converts raw tank-level data into usable inventory reports. Functionally, this allows customers to automate tank-level monitoring, schedule deliveries based on actual consumption, and reduce manual stick-reading labor. Underlying components appear to include tank-mounted wireless telemetry hardware and a cloud-hosted reporting/delivery layer; however, the input data does not specify protocols, network architecture, sensor generations, or any proprietary analytics or AI layer.

TankScan's business model is consistent with a hybrid hardware-plus-recurring-monitoring model: customers purchase or lease the monitoring hardware and pay for the ongoing daily reporting service. The firm employs 251–500 people, indicating an established mid-market operation rather than an early-stage startup. The company website returned only a loading/verification page at the time of capture, so details on pricing, channel structure, customer logos, distributor relationships, and geographic footprint are not available in the source data.

Name

TankScan

Website

https://tankscan.com

Company type

Private

Founded year

2003

Headcount range

251–500 employees

Short description

TankScan is a private Eden Prairie, Minnesota-based industrial-IoT company, founded in 2003, that provides wireless tank monitoring hardware and daily fuel inventory reporting services to fuel distributors and industrial fluid storage operators.

Ownership category

akta.pro rank

Headquarters

HQ city

Eden Prairie

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Core offering

TankScan offers wireless tank monitoring services, providing daily reports of tank readings and fuel inventory systems. The company delivers automated monitoring and reporting for businesses that rely on bulk liquid storage such as fuel, oil, and other industrial fluids.

Differentiator

Problem solved

Functional benefit

Products and services

• Wireless Tank Monitoring Service
• Daily Tank Reading Reports
• Fuel Inventory System

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Direct peers

• Smartrak: Smartrak provides fuel and asset monitoring solutions (including tank level monitoring) primarily across New Zealand and Australia, with a comparable wireless monitoring service for fuel distributors and fleet operators.
• Piusi: Piusi is an Italian-headquartered manufacturer of fuel management equipment, including tank monitors, transfer pumps, and fleet fueling management — a directly comparable fuel inventory and tank monitoring solutions provider with global reach.
• Tank Utility: Tank Utility provides wireless tank level monitoring and reporting, with a focus on propane and heating oil tanks; a directly comparable wireless monitoring service for residential and commercial liquid tank customers.
• Geometris: Geometris offers wireless remote tank monitoring and asset visibility solutions for fuel and industrial liquid storage, directly comparable to TankScan's monitoring-as-a-service model.
• Otodata: Otodata is one of the largest North American providers of wireless tank monitoring hardware and SaaS for fuel and bulk-liquid tanks, with a directly comparable product offering, business model, and target customer base.

Emerging players

• Silentium Defence: Silentium applies passive sensing and tank monitoring technology to bulk liquid storage, intersecting with TankScan's wireless monitoring niche through a different sensing modality but similar target use cases.

Broad incumbents

• OPW (a Dover company): OPW supplies fuel-handling equipment and electronic monitoring/sensor products for retail and commercial fuel sites; a broad incumbent with overlapping tank monitoring and inventory visibility offerings.
• Samsara: Samsara is a broad IoT/fleet management platform that has expanded into fuel and tank level monitoring as part of its connected operations offering, providing an alternative for fleets that prefer an integrated platform over a pure-play tank monitor.
• Veeder-Root (Gilbarco Veeder-Root): Veeder-Root is the legacy incumbent in fuel-site automatic tank gauging and inventory management, offering a much broader portfolio of forecourt equipment and monitoring systems that overlaps directly with TankScan's core offering.
• Franklin Fueling Systems: Franklin Fueling Systems manufactures fuel management hardware and software for forecourts and bulk storage, including tank monitoring — a broader incumbent that competes in the same end markets as TankScan.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/atek-access-tankscan

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TankScan