PervasID was founded in 2011 by Dr Sabesan Sithamparanathan, Dr Michael Crisp, Professor Ian White and Professor Richard Penty. The company has developed a passive UHF RFID reader technology that enables highly reliable reading of standard, off-the-shelf passive UHF RFID tags. The technology can also provide location information for the tags within a wide area read zone. PervasID’s technology achieves almost 100 per cent detection over areas of up to 400 square meters and can scale up to much larger areas such as shops and warehouses.
The Company already has significant engagement with customers in several sectors, including retail, security and logistics. A study published by IDTechEx predicted that the RFID reader market would grow from $2.5bn in 2015 to $7.5bn in 2020.
Sithamparanathan Sabesan, CEO of PervasID, said “We are extremely delighted to have successfully closed the funding round. Cambridge Enterprise, Cambridge Innovation Capital and our private investor bring not only funding, but also complementary skills and expertise. This will enable us to take the business to the next level and to deliver on short term sales opportunities.”