£5.0M
Aramco Ventures, Dow and Kanoo Ventures led the financing round for the Cambridge monitoring technology firm.
CorrosionRADAR
CorrosionRADAR provides smart monitoring systems to detect and predict industrial corrosion.
£10.9MTotal raised
CorrosionRADAR develops predictive corrosion monitoring systems designed to protect industrial infrastructure in the energy sector. The Cambridge business provides sensor networks and analytics to detect risks in pipelines and storage vessels.
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Founders
Prafull Sharma
CTO
Prafull is the chief technology officer and co-founder of CorrosionRADAR, following engineering and research roles at GE and Cranfield University. He also serves as chairman of ICorr Midlands.
LinkedInMS
Investors
- £5.0M
- $5.0M
- £900K
Funding history
$5.0M
Saudi Aramco Energy Ventures led the $5m round to support international expansion and technological development.
£900K
The funding was secured from the MEIF Proof of Concept and Early Stage Fund alongside the Future Fund and existing backers.