# Corrosion Instruments (CI) Pty.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/corrosion-instruments-ci-pty

- Industry: Logistics & Distribution
- Headquarters: Australia
- Website: www.corrosioninstruments.com/
- Total disclosed funding: $0.8M
- Latest round: Series B (Mar 1, 2023)
- Investors on record: 5

## About

Based in Palmerston, Australia, and founded in 2015 by Sam Pattemore, Corrosion Instruments (CI) Pty. Ltd., operates as a manufacturing company that provides hardware devices and corrosion instruments. Corrosion Instruments has expanded its global reach, establishing a presence in key markets across North America, Europe, Asia, and the Middle East. Corrosion Instruments' solutions can be found in operation in more than 50 countries as of 2024. In 2023, Corrosion Instruments (CI) Pty. Ltd. raised an undisclosed amount of venture funding from returning investor Paspalis.

Corrosion Instruments' product portfolio is centered around its corrosion monitoring and control solutions. It includes Corrosion Monitoring Instruments, Cathodic Protection Systems, and Consulting and Engineering Services. The corrosion monitoring instruments, such as the CI-TX, provide real-time data on the condition of critical assets, enabling organizations to make informed decisions and take proactive measures to prevent failures. Corrosion Instruments' optimized cathodic protection solutions help protect metal structures, pipelines, and other assets from the damaging effects of corrosion, ensuring their long-term integrity and performance. The company also offers consulting and engineering services, including corrosion risk assessments, system design, and project management.

Corrosion Instruments generates revenue through the sale of its corrosion monitoring and control solutions, as well as the provision of its consulting and engineering services. The company's customer base includes a diverse range of industries, from oil and gas to infrastructure and utilities.

## Funding rounds

- Series B, Mar 1, 2023, $0.1M — Paspalis Capital
- Series B, Apr 8, 2022, $0.2M — Paspalis Capital, Pattemore Nominees Pty Ltd, Sterling Nt Pty Ltd
- Series B, Aug 25, 2021, $0.2M — Paspalis Capital, One Fund Services Ltd, Pattemore Nominees Pty Ltd, Sterling Nt Pty Ltd
- Seed, Apr 9, 2020, $0.2M — Paspalis Capital, One Fund Services Ltd, Pattemore Constructions Pty Ltd, Sterling Nt Pty Ltd

## Investors

- Paspalis Capital (https://capitalatlas.ai/funds/paspalis-capital) — Seed, Series B
- One Fund Services Ltd — Seed, Series B
- Pattemore Constructions Pty Ltd — Seed
- Sterling Nt Pty Ltd — Seed, Series B
- Pattemore Nominees Pty Ltd — Series B