NEWS

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

PervasID launches TrackMaster 2X, setting a new industry benchmark with pinpoint accuracy for tracked goods. Boasting an unparalleled 2 meter location accuracy and single reader coverage extending up to 240m² (2,600 sq ft) even in densely packed warehouses or stores.

Our Founder & President Dr Sabesan Sithamparanathan OBE has recently contributed a new article to the RFID Journal:

Dr Sabesan Sithamparanathan has been awarded OBE for Services to Innovation Technology and the Promotion of STEM Subjects in Education in the King’s 2024 New Year Honours List.

Near 100% accurate battery-free inventory tracking system rolling out with major retailers.

Our CEO Dr Sabesan Sithamparanathan has recently contributed a new article to the RFID Journal

Our Founder & President Dr Sabesan Sithamparanathan has recently contributed a new article to the RFID Journal:

Inventor of the world’s most accurate passive Radio Frequency Identification reader systems for automating inventory and asset tracking receives prestigious honour