Founded in 2011, the company has developed a passive UHF RFID reader technology that enables 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 is said to achieve almost 100% detection over areas of up to 400m2 and can scale up to larger areas such as shops and warehouses.
“Cambridge Enterprise, Cambridge Innovation Capital and our private investor bring not only funding, but also complementary skills and expertis," said Sithamparanathan Sabesan, CEO of PervasID. "This will enable us to take the business to the next level and to deliver on short term sales opportunities.”
Victor Christou, CEO of Cambridge Innovation Capital commented: “Low cost, long distance sensing of passive RFID tags has long been an unmet need in the retail and logistics industries.”