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16th February 2021

Saudi oil company leads £2.9m investment in CorrosionRadar

CorrosionRADAR – whose technology can detect and predict corrosion in pipelines - has attracted funding from the Middle East’s largest oil and gas company as part of a £2.9m investment round.

Saudi Aramco Energy Ventures led the Series A round, with support from existing investors the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Mercia’s EIS funds and angel investors.

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