Pervasid secures £1.3m investment for inventory tracking technology

An estimated £1.3m has been raised by Pervasid Limited, a Cambridge-based company, to further the development of its passive RFID technology. The business, which originated from the University of Cambridge Department of Engineering, designs reading solutions used to automate stock taking and asset management processes. This latest investment brings the total capital secured by the firm in 2026 to £1.7m.

The hardware addresses human error and inefficiency associated with manual hand-held equipment by providing real-time data insights. Its systems achieve nearly 100% accuracy over areas up to 400 square metres and can scale to cover larger industrial warehouses or multi-storey retail buildings. These wireless tools are currently deployed globally within the aviation, automotive, and healthcare sectors.

Incorporated in 2011, the entity previously obtained £200k during 2025. According to accounts for the year ended 31 March 2025, it employed nine people.

Douglas Moray Wright joined the board as a director in April, with LinkedIn data suggesting he may be a business partner of APG. Documentation for this funding round was filed and shares were allotted in June.