Loading organizations...
Loading organizations...
CorrosionRADAR: Technology provider developing predictive corrosion management solutions using advanced sensors for CUI detection in industrial assets.
Based in Cambridge, United Kingdom, CorrosionRADAR develops predictive corrosion management solutions that utilize advanced sensors and analytics to detect corrosion under insulation in industrial pipelines, tanks, and vessels. The company provides smart corrosion monitoring systems powered by proprietary Electro-Magnetic Guided Radar technology to deliver continuous, real-time data on moisture levels and early structural degradation. These predictive analytics services are primarily utilized by operators within the oil and gas, petrochemical, chemical, and broader energy sectors to mitigate asset failure risks and reduce maintenance expenditures. To scale its operations, the enterprise has raised £5 million in Series A funding from a syndicate of corporate and venture capital investors, including Aramco Ventures, Dow, Kanoo Ventures, and Mercia Ventures. CorrosionRADAR was originally founded in 2017 as a Cranfield University spin-out by co-founders Chiraz Ennaceur, Prafull Sharma, and Mehrdad Silatani.
CorrosionRADAR has raised $12.1M across 4 funding rounds.
CorrosionRADAR has raised $12.1M in total across 4 funding rounds.
CorrosionRADAR has raised $12.1M in total across 4 funding rounds.
CorrosionRADAR's investors include Saudi Aramco Energy Ventures, Mercia, Mercia Fund Managers.
CorrosionRADAR has raised $12.1M across 4 funding rounds. Most recently, it raised $6.4M Series B in July 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 30, 2024 | $6.4M Series B | Saudi Aramco Energy Ventures | |
| Feb 16, 2021 | $4.0M Series A | ||
| Oct 30, 2020 | $1.2M Other Equity | Mercia | |
| Dec 18, 2017 | $470K Other Equity | Mercia Fund Managers |