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1st November 2019

CorrosionRADAR raises £1 million from Mercia managed MEIF

CorrosionRADAR, a Midlands business that has found a way to detect corrosion and prevent leaks in assets such as pipelines through a network of remote sensors, has completed a £1m funding round from the MEIF Proof of Concept & Early Stage Fund.

A spin-out from Cranfield University, CorrosionRADAR addresses the challenge of how to detect corrosion in pipelines and other assets where the surface is covered by insulation. The firm uses a network of sensors placed on the pipe to continuously monitor its condition and detect problem areas, along with advanced analytics and artificial intelligence to predict where faults are likely to occur. The system allows facilities managers to focus their resources most effectively and helps prevent leaks.

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