Shoplifters Beware—RFID Tags Powered by AI Are On to You

PervasID's TrackMaster 2X technology is transforming retail inventory management globally. Founder Dr. Sabesan Sithamparanathan, OBE discusses this breakthrough solution and its near real-time tracking capabilities in RFID Journal. Read the full interview here.

PervasID has secured £200,000 from Maven Cognition to expand their TrackMaster RFID solution globally, particularly in US markets, following their £3 million 2024 investment. The funding will support enhanced data analytics and growing retail demand.

In our latest funding round we have secured £3.25m, led by Parkwalk Advisors, the UK’s largest investor in university spinouts. This round includes £750,000 of investment from two Maven-managed regional funds: the Finance Durham Fund established by Durham County Council and overseen by Business Durham, and NPIF II Maven Equity Finance, part of the Northern Powerhouse Investment Fund II