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CorrosionRADAR
Offering remote sensing technologies and advanced analytic systems for smart infrastructures
About CorrosionRADAR
CorrosionRADAR is a company that specializes in remote sensing technologies and advanced analytic systems for monitoring and managing corrosion under insulation (CUI) in industrial assets. The company primarily serves the oil and gas industry, but its solutions are applicable to any industry with insulated piping and vessels.
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CorrosionRADAR's main product is a CUI monitoring system that uses patented Electro-Magnetic Guided Radar (EMGR) technology to detect and locate corrosion and moisture. The system consists of sensors that are installed on the assets, a data transmission unit (CR Node), and a data management software (CR Clarity Dashboard). This allows for predictive maintenance and risk-based inspection (RBI), which can help to prevent failures, reduce costs, and improve safety.
The company was founded in 2017 as a spin-out from Cranfield University and has since raised $14.4M in funding. It has a global presence and works with major companies in the oil and gas sector, such as ADNOC Gas. CorrosionRADAR's business model is based on providing a complete solution that includes hardware, software, and expert services.
At a glance
- Founded
- 2017
- Headquarters
- Cambridge, United Kingdom
- Sector
- Energy
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
Mercia Asset Management
Mercia Fund Managers
Midlands Engine Investment Fund
Series A4 investors entered at this stage
British Business Bank
Aramco Ventures
Yusuf Bin Ahmed Kanoo
Dow
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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