Kanoo Ventures Invests in UK Corrosion Monitoring Innovator

Kanoo Ventures has made a strategic investment in CorrosionRADAR, a UK-based company specializing in predictive corrosion monitoring technology. This investment is part of a broader effort to enhance the technological capabilities of industries prone to corrosion, such as oil and gas, petrochemical, and chemical sectors.

CorrosionRADAR is known for its cutting-edge Electro-Magnetic Guided Radar (EMGR) technology, which offers real-time monitoring of corrosion under insulation (CUI). This technology is embedded with sensors that continuously relay data, allowing for early detection of corrosion and structural issues. The predictive nature of this technology promises significant cost savings and increased operational safety by reducing the need for manual inspections and unexpected downtimes.

Kanoo Ventures' investment is expected to bolster CorrosionRADAR's ability to expand its operations and enhance its technology. This aligns with the industry's growing demand for smarter, more efficient maintenance solutions. The global cost of corrosion is estimated to be around $2.5 trillion annually, making innovations like CorrosionRADAR's essential for reducing these expenses and improving the longevity of industrial assets.

CorrosionRADAR has already seen positive results from pilot projects, which have demonstrated increased pipeline uptime and optimized maintenance schedules. This investment from Kanoo Ventures follows other significant funding rounds, including contributions from Saudi Aramco Energy Ventures and the Midlands Engine Investment Fund.

This latest investment highlights the increasing confidence in digital solutions for industrial maintenance and the potential for significant improvements in safety and cost-efficiency in sectors heavily impacted by corrosion.

Kanoo Ventures' involvement is expected to accelerate the adoption of CorrosionRADAR's technology, enabling the company to address more complex challenges in corrosion monitoring and management. This partnership represents a significant step towards the digitalization of asset management in critical industries.

By focusing on innovative solutions, Kanoo Ventures and CorrosionRADAR are set to lead the way in transforming how industries handle corrosion, ultimately contributing to safer and more sustainable industrial practices.