Cambridge-based Pervasid secures £500k for RFID tracking technology

Automating inventory tracking through passive RFID technology is the core focus of Pervasid Limited, which recently raised an estimated £500k. Based in Cambridge, the company designs and supplies the TrackMaster system to automate stock taking and asset management processes.

The business was founded in 2011 as a spin out from the University of Cambridge Department of Engineering. Its technology is used in retail, industrial manufacturing, healthcare, and the automotive and aviation sectors. The company reports that its systems achieve almost 100% accuracy over areas of up to 400 square meters without the need for handheld equipment.

This £500k round follows several previous funding events. The company raised £200k in March 2025 and £3.2m in November 2024. In July 2022, Pervasid secured three separate amounts totaling £5.8m. Earlier records show a valuation of £6.1m in May 2020 and £5.4m in July 2018.

Financial records for the year ended 31 March 2025 show the company employs nine people. Its solutions are utilized by financial organizations and global retail brands to streamline operations and reduce human error in inventory management.

The company appointed Douglas Moray Wright to its board of directors in April, coinciding with the allotment of the new shares. Documentation for the transaction was filed in May.