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3rd November 2020 - 0 comments

CorrosionRADAR raises £900,000 from MEIF Proof of Concept Fund

A spin-out from Cranfield University whose technology can detect and predict corrosion in pipelines has raised a further £900,000 to expand its global client base.  CorrosionRADAR, which has offices in Cranfield and Cambridge, secured the investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, as well as the government’s Future Fund and existing shareholders.

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