CorrosionRADAR provides a Corrosion Under Insulation (CUI) monitoring system that combines sensors with predictive analytics to detect and assess corrosion risks in real-time. This technology minimizes the risk of unscheduled shutdowns and reduces inspection costs by optimizing maintenance strategies, ultimately enhancing asset integrity management in the oil, gas, and petrochemical industries.
Funding
$16.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
KVFounders
Product
Problem
Corrosion Under Insulation (CUI) poses a significant threat to industrial assets, as it's difficult to detect until it has significantly progressed, leading to potential safety risks, costly equipment failures, and unplanned shutdowns. Traditional CUI inspection methods are often costly, time-consuming, and may not provide a comprehensive view of the asset's condition.
Solution
CorrosionRADAR offers a CUI risk monitoring system that combines permanently embedded smart sensors with predictive analytics to provide real-time insights into corrosion risks. The system uses wired corrosion and moisture sensors connected to proprietary analytics software to visualize high-risk CUI locations. By transforming uncertainty into actionable insights, the solution enables operators to minimize risk, optimize inspection scopes, reduce scheduled downtime, and prevent unscheduled shutdowns. The system facilitates data-driven inspection decisions, potentially saving costs associated with scaffolding and non-destructive testing (NDT).
Target Audience
The primary target audience includes asset integrity managers, inspection engineers, and operations personnel in the oil, gas, chemical, and petrochemical industries responsible for maintaining the integrity of insulated equipment, pipelines, and structures.
Features
- Permanently embedded smart wire corrosion and moisture sensors for continuous monitoring
- Proprietary analytics software to visualize high-risk CUI locations
- Predictive analytics to forecast when and where CUI will occur
- Real-time CUI risk levels for strategic planning and decision-making
- Integration of sensor data with advanced data analytics platform
- Remote monitoring capabilities for inaccessible locations and assets with complex geometries
- Optimized inspection scope with up to 65% savings