Real Estate Company’s YBA Kanoo’s investment division, Kanoo Ventures has announced a significant investment in CorrosionRADAR, a predictive Corrosion under Insulation (CUI) monitoring solution. This latest funding round, attracting investments from Aramco Ventures, Dow, and Mercia Ventures, has raised CorrosionRADAR’s total funding to $14 million (£11.7M).
This capital influx will enable CorrosionRADAR to expand the deployment of its innovative CUI monitoring systems globally, enhance its product offerings, and advance its mission to improve safety and operational efficiency in the oil, gas, petrochemical, and hydrogen sectors.
UK-based CorrosionRADAR, known for its cutting-edge predictive CUI monitoring technology, is already utilised by major industry players like Dow and Aramco. The company aims to lead the industry with solutions that ensure the longevity of critical infrastructure.
“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.
Kanoo Ventures has a strong track record in various sectors, including industrials, travel, consumer goods, and speciality logistics actively expanding its focus on healthcare, food and agriculture, and the new economy sectors. This investment in CorrosionRADAR is part of its ongoing strategy to support ground-breaking technologies that set new industry standards.
To read more on Real Estate, head to the link.
