CorrosionRADAR develops predictive monitoring systems that use sensors installed on the surface of pipelines, tanks and other vessels plus analytics to detect and predict corrosion under insulation (CUI). The company targets oil, gas and petrochemical industries and the expanding hydrogen sector, aiming to improve safety and reduce maintenance costs. Founded by Chiraz Ennaceur and Mehrdad Silatani, CorrosionRADAR combines real-time data and predictive analytics to enable earlier detection of corrosion and better maintenance planning. The business currently employs 22 staff and is on course to increase revenue by 400% in the current year. The latest funding is intended to accelerate deployment of its monitoring systems worldwide and support continued product development to improve industrial operations and safety. CorrosionRADAR builds smart, wireless monitoring systems that detect and predict corrosion in pipelines and industrial assets, enabling real-time data-driven maintenance. Its technology has been installed on-site at a primary Aramco production facility, demonstrating potential for substantial cost savings and value generation. The company says its systems typically yield cost savings of 40–60% after installation and extend asset lifetimes. The recent funding will be used to strengthen operations and broaden efforts to tackle corrosion under insulation through digitalisation. CorrosionRADAR was founded in 2017 as a spin-out from the University of Cranfield and is based in Cranfield with an office in Cambridge. Mercia first backed the company at formation and has continued to support its growth. CorrosionRADAR develops a sensor-based system that detects and predicts corrosion under insulation on pipelines, tanks and other vessels by installing sensors next to the asset surface to provide real-time data on corrosion and moisture. The technology enables operators to move from manual on-site inspections to remote monitoring and from reactive to predictive maintenance, allowing early repairs that reduce maintenance costs and minimise the risk of catastrophic failures. Its solution is already deployed with customers including Solvay, Sitech and Reliance Industries across Europe, the Middle East and southeast Asia. The company was founded in 2017 as a spin-out from the University of Cranfield and has offices in Cranfield and Cambridge. CorrosionRADAR says the latest funding will be used to boost overseas sales and enter new markets as it prepares for a Series A round later in the year. The business has received ongoing support from Mercia since 2017 as it moved from development toward commercial roll-out. CorrosionRADAR builds permanently embedded remote sensors designed to monitor corrosion along the full length of oil and gas pipelines, with particular focus on corrosion under insulation (CUI) and buried pipes. The technology can reportedly pinpoint the location of corrosion at any point along a pipeline. The company aims to help operators reduce maintenance costs while maintaining safe and environmentally friendly operations. CorrosionRADAR is a spin‑out from Cranfield University and is based at Cranfield Technology Park in the UK. Led by CEO Dr Chiraz Ennaceur and COO Dr Mehrdad Silatani, the company plans to use new funding to further develop its technology and business and to secure commercial partners for initial field tests. The article reports the company secured £354k in funding to support these activities.

Total raised

$12M

Funding rounds

4

Latest round

Series B

Latest activity

Jul 2024