CorrosionRADAR Expands CUI Sensor Portfolio with New CR:SR Solution
Cambridge, United Kingdom – July 28, 2026 – CorrosionRADAR has today announced the launch of its CR:SR sensor solution. This...
[30th July 2024]: CorrosionRADAR, the leading provider of predictive Corrosion Under Insulation (CUI) monitoring solutions, has announced its latest round of funding. Aramco Ventures, Dow, Kanoo Ventures and Mercia Ventures are investing in CorrosionRADAR bringing the total value raised to date to $14 million (£11.7M).
The investments are expected to provide a further boost to CorrosionRADAR’s ambitious growth plans and allow the company to accelerate the large-scale deployment of its CUI monitoring systems worldwide. They will also enable the continued development of new product lines to improve safety and operations within the oil, gas, and petrochemical industries, and the expanding hydrogen sector.
Speaking today, Dr. Chiraz Ennaceur, Chief Executive Officer at CorrosionRADAR, said the latest investment represented a further vote of confidence in the company’s product offering and expansion plans:
“CorrosionRADAR is in a period of rapid growth, and we are leading the way with our predictive CUI monitoring solutions that safeguard critical assets and ensure the longevity of critical infrastructure, said Dr. Chiraz Ennaceur, Chief Executive Officer at CorrosionRADAR.
“We’re delighted to have companies such as Aramco Ventures, Dow, Kanoo Ventures and Mercia Ventures on board. This investment will allow us to continue with our ambition to increase our global footprint and develop state-of-the-art solutions that improve industrial processes through the early detection of CUI, promoting more efficient operations.”
UK-based CorrosionRADAR is a pioneer of predictive CUI monitoring systems that are now being used by multiple major companies globally, including Dow, a global leader in materials science, and Aramco, one of the world’s leading integrated energy and chemicals companies. Both businesses have been working with CorrosionRADAR’s technology for several years, alongside YBA Kanoo and Mercia.
Mercia Ventures, one of the UK’s most active venture capital investors, is investing through the Midlands Engine Investment Fund (MEIF). The MEIF project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
Karl Donner, Dow’s Senior Investment Director – Venture Capital, said: “At Dow, we’re committed to investing in innovative products and technologies that meet the evolving demands of our customers.”
“CorrosionRADAR’s industry-leading CUI monitoring solution has the potential to greatly improve operations in areas such as safety and reliability through the ways in which critical assets can be observed and managed.”
Mahdi Aladel, CEO, Aramco Ventures continues, “At Aramco Ventures, we champion smart, productive practices in oil and gas asset management through ground-breaking technology across facilities and new projects to maximise equipment uptime and value realisation. By continuing our collaboration and our investment in CorrosionRADAR’s CUI solution, we aim to make this technology a global standard for CUI detection.”
CorrosionRADAR is the leading provider of corrosion monitoring and analytics solutions for asset integrity issues such as Corrosion Under Insulation. CorrosionRADAR’s solutions monitor and predict risk remotely, allowing businesses to make data driven decisions about their industrial assets, saving time and money, while enhancing safety and ensuring the longevity of critical infrastructure.
For further information about CorrosionRADAR, visit localhost/ or email info@corrosionradar.com
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About CorrosionRADAR:
CorrosionRADAR is a leading provider of smart corrosion monitoring and analytics solutions for critical industrial asset integrity issues such as corrosion under insulation (CUI). Enabling Digitalisation and Industry 4.0 with its innovations in sensing and predictive analytics, CorrosionRADAR’s solutions monitor and predict risk remotely, allowing businesses to make data driven decisions in their industrial assets. For new energy infrastructure such as Hydrogen and CCUS, as well as conventional oil & gas, businesses are able to improve safety, and achieve significant savings in their maintenance costs. CorrosionRADAR is based in Cambridge, UK and counts Saudi Aramco Ventures, Dow, Kanoo Ventures and Mercia Ventures among its shareholders.
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About Dow:
Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023.
For further information, visit http://www.dow.com
About Aramco Ventures:
Aramco Ventures is the corporate venturing arm of Aramco, the world’s leading fully integrated energy and chemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, Aramco Ventures’ strategic venturing programs invest globally in start-up and high growth companies with technologies of strategic importance to its parent company, Aramco, primarily supporting its operational decarbonization, new lower-carbon fuels businesses, and digital transformation initiatives. Aramco Ventures also operates Prosperity7, the company’s disruptive technologies investment program.
For further information, visit www.aramcoventures.com
About Kanoo Ventures:
Kanoo Ventures is the strategic business unit of GCC based Yusuf Bin Ahmed Kanoo Group. It employs an expert team focused on seeking out high quality companies and entrepreneurs with the potential to build and pursue lucrative opportunities within the GCC. With fundamentally sound investments, the team practices flexibility alongside a patient pool of capital, to cooperate with reputable counterparts and invest in joint ventures that build upon the core expertise and market access of Kanoo.
For further information, visit www.kanoo.com
About Mercia Ventures:
Mercia Ventures is one of the UK’s most active venture capital investors. From early-stage to scaleup investment, its investment team operates from a shared set of beliefs, partnering with entrepreneurs for the long term. It offers venture capital investment of up to £10million and supports its portfolio companies at every stage of their growth.
For further information, visit www.mercia.co.uk
