The Root of the Solution

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