We have secured a further £200,000 investment from Maven Cognition, marking another milestone in our global growth strategy.
The funding will accelerate the global rollout of our TrackMaster solution, with a focus on US markets.
Peter Oram, our CEO, welcomed the investment, saying: “The growth we’ve experienced in recent years is a testament to our market-leading innovation. Our 2024 investment round, which secured over £3 million, is already taking the business to the next level as we continue with the global rollout of TrackMaster. We’ll be using this latest investment to continue our growth plans and to maximise the opportunities in the UK and US where we are seeing fast-paced adoption of TrackMaster.”
The funding will support our continued expansion and help meet increasing demand from major clients in retail sectors. Additionally, it will enhance research into advanced software solutions in data analytics, complementing our industry-leading RFID hardware.
Since 2011, we have continued to develop market leading technology that sets new industry standards for accuracy and range. We are the first in the market to offer remote tracking capabilities with near 100% accuracy and cost-effectiveness, delivering real-time location solutions to global clients in retail, healthcare, logistics and aerospace.
Richard Male, Managing Director at Maven Cognition, said: “We are pleased to support PervasID through our first EIS fund. The company is a strong example of the type of innovation-led business we seek to back - with proven technology, growing commercial traction, and clear international opportunity. We look forward to working with the team as they continue to scale.”
