CorrosionRADAR
Assembly Line
CorrosionRADAR raises €5.9M to help industries with corrosion management
Cambridge, UK-based CorrosionRADAR, a provider of predictive Corrosion Under Insulation (CUI) monitoring solutions, announced that it has secured £5M (approximately €5.9M) investment in a fresh funding round from Aramco Ventures, Dow, Kanoo Ventures, and Mercia Ventures.
CorrosionRADAR will use the investments to accelerate its growth plans and large-scale deployment of its CUI monitoring systems worldwide. The company will use the capital to continue developing new product lines to improve safety and operations within the oil, gas, and petrochemical industries, and the expanding hydrogen sector.