# Corrosion Radar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/corrosion-radar

- Industry: Oil & Gas
- Headquarters: Cambridge, UK
- Website: www.corrosionradar.com
- Total disclosed funding: $13M
- Latest round: Series B (Mar 15, 2024)
- Investors on record: 4

## About

Based in Cambridge, UK, and founded in 2014, CorrosionRADAR Limited operates as a prediction platform company. The company was founded by Chiraz Ennaceur. In February 2021, CorrosionRADAR Limited raised its latest Series A funding led by Saudi Aramco Energy Ventures.
 
CorrosionRADAR Limited is a provider of corrosion sensor platforms that offers wireless-enabled sensors, analytics, and a CUI monitoring system for the early identification of corrosion at oil and gas pipelines.

CorrosionRADAR Limited plans to use its funding from February 2021 to strengthen its operations and widen efforts to address Corrosion Under Insulation (CUI) and other operational challenges through digitalization.

## Funding rounds

- Series B, Mar 15, 2024, $7.5M — Kanoo Group, Mercia Asset Management, Aramco Ventures, Dow Corporate Development/Ventures
- Series A, Dec 22, 2020, $3.9M — Mercia Asset Management, Aramco Ventures
- Seed, Nov 1, 2019, $1.3M — Mercia Asset Management

## Investors

- Mercia Asset Management (https://capitalatlas.ai/funds/mercia-asset-management) — Seed, Series A, Series B
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series A, Series B
- Kanoo Group — Series B
- Dow Corporate Development/Ventures — Series B