CorrosionRADAR Secures $14M to Fuel Next-Gen Smart Corrosion Monitoring and Digitalization of Industrial Assets

CorrosionRADAR is thrilled to announce that the company has successfully raised $14,000,000 in new funding—a significant milestone that underscores our leadership in smart corrosion monitoring and analytics solutions for industrial asset integrity. This capital injection is set to accelerate our mission of enabling Digitalisation and Industry 4.0 by advancing our cutting-edge innovations in sensing technology and predictive analytics. Our solutions, specially designed to tackle complex challenges such as corrosion under insulation (CUI), empower industrial enterprises to monitor risks remotely and make informed, data-driven decisions that safeguard critical assets. With this fresh infusion of capital, we will further enhance our research and development efforts to extend the reach and capabilities of our analytics platform, ensuring it remains the premier tool for predicting and managing corrosion risks in both conventional oil and gas sectors as well as burgeoning energy markets like Hydrogen and Carbon Capture, Utilisation, and Storage (CCUS). Moreover, these funds will facilitate strategic expansion into new markets, allow for deeper partnerships with industry leaders, and strengthen our commitment to driving efficiency and safety across essential industrial operations. Our investors, who recognized the potential of our innovative solutions, have played a pivotal role in our journey towards transforming asset management practices. As we embark on this exciting new chapter, we remain dedicated to enhancing operational safety, reducing maintenance costs, and fully realizing the promise of digital transformation in industries worldwide. The future of industrial asset integrity is brighter than ever, and CorrosionRADAR is proud to lead the way.