About CorrosionRADAR
CorrosionRADAR is a company based in Cranfield (United Kingdom) founded in 2016.. CorrosionRADAR has raised $14.38 million across 6 funding rounds from investors including Mercia, Dow and Aramco Ventures. The company has 18 employees as of December 31, 2021. CorrosionRADAR operates in a competitive market with competitors including ServiceMax, AspenTech, Aker Solutions, Silixa and QLM, among others.
- Headquarter Cranfield, United Kingdom
- Employees 18 as on 31 Dec, 2021
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Sectors
TechnologyEnergy & Utilities Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Corrosion Radar Limited
- Date of Incorporation 18 Apr, 2017
- Jurisdiction BEDFORD, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.38 M (USD)
in 6 rounds
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Latest Funding Round
$6.43 M (USD), Series A
Jul 30, 2024
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Investors
Mercia
& 5 more
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Employee Count
18
as on Dec 31, 2021
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Funding Insights of CorrosionRADAR
CorrosionRADAR has successfully raised a total of $14.38M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $6.43 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $6.4M
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First Round
First Round
(01 Jun 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - CorrosionRADAR | Valuation | Aramco Ventures | |
| Feb, 2021 | Amount | Series A - CorrosionRADAR | Valuation | Mercia | |
| Oct, 2020 | Amount | Seed - CorrosionRADAR | Valuation | Mercia , Future Fund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CorrosionRADAR
CorrosionRADAR has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Mercia, Dow and Aramco Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are targeted for investment by Aramco Ventures.
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Founded Year | Domain | Location | |
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Operations in industrial, energy, logistics, shipping, travel, and real estate sectors across multiple regions.
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Founded Year | Domain | Location | |
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Dow Inc. is engaged in materials science and chemical manufacturing.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CorrosionRADAR
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CorrosionRADAR
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Corrosionradar Comparisons
Competitors of CorrosionRADAR
CorrosionRADAR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ServiceMax, AspenTech, Aker Solutions, Silixa and QLM, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software is provided for field service and asset management.
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| domain | founded_year | HQ Location |
AI-based software for manufacturing process optimization is offered.
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| domain | founded_year | HQ Location |
Diversified solutions for oil and gas operations are provided worldwide.
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| domain | founded_year | HQ Location |
Provider of fibre optic monitoring solutions for the oil and gas industry
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| domain | founded_year | HQ Location |
Quantum sensing technology is provided for natural gas leak detection.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Corrosionradar
Frequently Asked Questions about CorrosionRADAR
When was CorrosionRADAR founded?
CorrosionRADAR was founded in 2016.
Where is CorrosionRADAR located?
CorrosionRADAR is headquartered in Cranfield, United Kingdom. It is registered at Cranfield, Bedfordshire, United Kingdom.
Is CorrosionRADAR a funded company?
CorrosionRADAR is a funded company, having raised a total of $14.38M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.17M, raised on Jun 01, 2016.
How many employees does CorrosionRADAR have?
As of Dec 31, 2021, the latest employee count at CorrosionRADAR is 18.
What does CorrosionRADAR do?
Corrosion RADAR was founded in 2016 and is based in Cranfield, United Kingdom. Operations focus on the oil and gas sector, where sensors are supplied to detect and monitor corrosion and moisture conditions in assets. Risk-based inspection programs are converted into predictive, data-driven approaches using advanced analytical models integrated with real-time integrity data. This setup supports ongoing asset management without reliance on traditional methods.
Who are the top competitors of CorrosionRADAR?
CorrosionRADAR's top competitors include AspenTech, ServiceMax and QLM.
Who are CorrosionRADAR's investors?
CorrosionRADAR has 6 investors. Key investors include Mercia, Dow, Aramco Ventures, YBA Kanoo, and Future Fund.