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Tagging firm gets £200k boost for global growth
The Journal
|April 16, 2025
A COUNTY Durham firm specialising in tagging technology has sealed a further £200,000 investment to ramp up overseas work.
Sedgefield based PervasID is a global market leader in fixed passive RFID (Radio Frequency Identification) technology.
The tech has been around since the Second World War but only worked within a couple of metres of a tag until recently, with accuracy of around 80%. However, PervasID’s TrackMaster can serve up near 100% accuracy at a range of up to 20m.
Now the company has secured the six-investment from Maven Cognition to accelerate the global rollout of its TrackMaster solution, with a focus on US markets.
Peter Oram, CEO of PervasID said: “The growth we've experienced in recent years is a testament to our market-leading innovation. Our 2024 investment round, which secured over £3m, is already taking the business to the next level as we continue with the global rollout of TrackMaster.
Diese Geschichte stammt aus der April 16, 2025-Ausgabe von The Journal.
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