# CorrosionRADAR funding: rounds and investors > CorrosionRADAR has raised $16M across 4 rounds since 2023. Investors include Finindus, Innovate UK and Mercia Asset Management. Every round with its source. Source: https://millionrounds.com/company/corrosionradar (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Growth startup](https://millionrounds.com/companies) # Who invested in *CorrosionRADAR* 4 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Big Data & Analytics Chemicals & Materials Industry 4.0 Oil & Gas Funding summary Updated 26 Oct 2026 **$16M** raised across 4 rounds since 2023, from 4 sources **$1.9M** Round **$7.5M** Round **$6.4M** Series B - **Latest round:** Growth Sept 2024 - **Led by:** Finindus - **Biggest round:** $7.5M Round · Mar 2024 - **Investors:** 5 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2024 **$1.9M** Round **$7.5M** Round **$6.4M** Series B **?** Growth - **First round:** Round, $1.9M - **Biggest round:** $7.5M - **Usual gap between rounds:** 3 months ## The rounds - **Sept 2024** Growth **Amount undisclosed** *1 new* [Finindus](https://millionrounds.com/fund/finindus) Lead Reported by Firms' own news pages - **Jul 2024** Series B **$6.4M** *4 new* [Innovate UK](https://millionrounds.com/fund/innovate-uk) [Mercia Asset Management](https://millionrounds.com/fund/mercia-ventures) [Mercia Tech](https://millionrounds.com/fund/mercia-tech) [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) Source recorded - **Mar 2024** Round **$7.5M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Mar 2023** Round **$1.9M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet ## Funding filed with regulators CorrosionRADAR filed 4 raises, $9.3M in all. Filings say how much was sold and to how many investors; they never name the investors. - Apr 2024 **$1.4M** UK share allotment - Mar 2024 **$6.1M** UK share allotment - Apr 2023 **$466K** UK share allotment - Mar 2023 **$1.4M** UK share allotment ## Founders and team From CorrosionRADAR's own website: 11 on the team. - **Dr. Chiraz Ennaceur** Chief Executive Officer - **Barney Edgar** Chief Financial Officer - **Dr. Mehrdad Silatani** Chief Revenue Officer - **Dr. Prafull Sharma** Chief Technology Officer - **Giles Hutchison** Chief Operating Officer - **Mariem Akrout** Chief Industrial AI Office - **Steve Tongish** Chief Marketing Officer - **Dominic Emery** Non-Executive Director - **Dr. Shailendra Vyakarnam** Non-Executive Director - **Dr. Yoann Eras Lage** Director of Engineering - **Richard Green** Chairman ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2023 **Round** 2024 **Series B** 2024 **Growth** 2024 [Finindus](https://millionrounds.com/fund/finindus) L [Innovate UK](https://millionrounds.com/fund/innovate-uk) [Mercia Asset Management](https://millionrounds.com/fund/mercia-ventures) [Mercia Tech](https://millionrounds.com/fund/mercia-tech) [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) ## Everyone who backed them [Finindus](https://millionrounds.com/fund/finindus) VC firm **1** round, led 1 [Innovate UK](https://millionrounds.com/fund/innovate-uk) VC firm **1** round [Mercia Asset Management](https://millionrounds.com/fund/mercia-ventures) VC firm **1** round [Mercia Tech](https://millionrounds.com/fund/mercia-tech) VC firm **1** round [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) Corporate VC **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=corrosionradar). ## Quick answers about CorrosionRADAR ### Who invested in CorrosionRADAR? CorrosionRADAR's investors include Finindus, Innovate UK, Mercia Asset Management, Mercia Tech and Aramco Ventures. Finindus led its latest round. ### How much has CorrosionRADAR raised? CorrosionRADAR has raised $16M across 4 rounds since 2023. One round did not disclose an amount, so the total is a floor. ### When did CorrosionRADAR last raise? CorrosionRADAR's most recent round was a Growth in Sept 2024, led by Finindus. ### What was CorrosionRADAR's biggest round? CorrosionRADAR's largest round on record is $7.5M, in Mar 2024. ### Who backed CorrosionRADAR first? CorrosionRADAR's first round on record, in Jul 2024, was backed by Innovate UK, Mercia Asset Management and Mercia Tech and 1 others. ### What stage is CorrosionRADAR at? CorrosionRADAR's latest named round is a Growth, in Sept 2024. ### Where is CorrosionRADAR based? CorrosionRADAR is based in the United Kingdom. ### Who led CorrosionRADAR's rounds? Finindus led the Growth in 2024. ## Companies like CorrosionRADAR In the same sector, and raised in the last eighteen months. [**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)[**Salience Labs** $169M · Oct 2026](https://millionrounds.com/company/salience-labs)[**Affinity Labs** $3.2M · Oct 2026](https://millionrounds.com/company/affinity-labs)[**Alchera Technologies** $3.7M · Oct 2026](https://millionrounds.com/company/alchera-technologies)[**Foundational** $19M · Oct 2026](https://millionrounds.com/company/foundational) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app