What is PervasID?
PervasID specializes in advanced passive RFID technology solutions, offering products like the TrackMaster series that provide near 100% accuracy in inventory tracking. Their solutions are tailored for various industries, including retail, healthcare, and industrial sectors, focusing on improving inventory visibility and operational efficiency. With a commitment to eliminating manual scanning and enhancing real-time data accuracy, PervasID aims to transform inventory management processes. The company is headquartered in Cambridge, UK, and has a presence in Japan and the US.
How much funding has PervasID raised?
PervasID has raised a total of $4.1M across 1 funding round:
Other Financing Round
$4.1M
Other Financing Round (2024): $4.1M with participation from Parkwalk Advisors
Key Investors in PervasID
Parkwalk Advisors
Parkwalk is a leading investor in university spinouts, focusing on deeptech innovations emerging from the UK's top universities. They provide funding, expertise, and networks to help these companies thrive, supporting ventures in sectors such as AI, Quantum Computing, HealthTech, and CleanTech.
What's next for PervasID?
The recent major strategic investment signals a pivotal growth phase for PervasID. This capital will likely be directed towards scaling operations, expanding market reach, and further developing their cutting-edge RFID technology. The company's focus on enhancing inventory visibility and operational efficiency positions it for significant traction in industries seeking to optimize their supply chains and reduce manual processes. PervasID's strategic backing suggests a strong market validation and a clear path towards broader adoption of its innovative solutions.
See full PervasID company page
