We are delighted to announce that the Parkwalk Opportunities Fund and the University of Cambridge Enterprise Fund V, managed by Parkwalk, have invested in PervasID, a spin-out from the Department of Engineering.

The company has developed a long-range passive Radio-Frequency Identification (RFID) tracking technology which substantially outperforms current passive RFID technologies. Crucially, it allows low-cost commodity RFID tags to be utilised in long range applications achieving accuracy until now only achievable using more expensive active RFID.