Tech Company Financing Transactions
CorrosionRADAR Funding Round
On 8/7/2024, CorrosionRADAR announced $6.4 million in Series B funding from Aramco Ventures, Dow Venture Capital and Mercia Ventures.
Transaction Overview
Company Name
Announced On
8/7/2024
Transaction Type
Venture Equity
Amount
$6,400,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate deployment of its monitoring systems worldwide and continue developing new products to improve safety and operations within the oil, gas and petrochemical industries, as well as the expanding hydrogen sector.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
Future Business Centre King's Hedges Road
Cambridge, CB4 2HY
UK
Cambridge, CB4 2HY
UK
Phone
Website
Email Address
Overview
CorrosionRADAR is headquartered in Cambridge in the United Kingdom, providing innovative predictive corrosion monitoring solutions. CorrosionRADAR is a leading provider of smart corrosion monitoring and analytics solutions for critical industrial asset integrity issues, such as Corrosion Under Insulation (CUI). By enabling digitalisation and industry 4.0 with its innovations in sensing and predictive analytics, its solutions monitors and predict risks remotely, allowing businesses to make data-driven decisions in regarding their industrial assets.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Richard Green
Chief Executive Officer
Chiraz Ennaceur
Chief Financial Officer
Barney Edgar
Chief Operating Officer
Giles Hutchinson
Chief Technical Officer
Prafull Sharma
VP - Customer Service
Mehrdad Silatani
VP - Engineering
Yoann Lage
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