The company was founded by Sherman Fairchild in 1931 to augment his interests in photography and image projection.

[1] The original design, created by Rein Narma as he was building Les Paul's first 8-channel mixing console, was licensed by Sherman Fairchild who hired Rein Narma as the company's chief engineer.

[2] The company's products also included amplifiers, preamplifiers, a control track generator to synchronize tape recorders,[3] and recording lathes.

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