About Perpetuum
Perpetuum is a Transportation, Automotive & Logistics company based in Southampton (United Kingdom) founded in 2004, and was acquired by Hitachi Rail in August 2020. Wireless monitoring solutions are provided for railway assets. Perpetuum has raised $17.76 million across 6 funding rounds from investors including IP Group, European Union and Hitachi Rail. The company has 64 employees. Its chief executive, as recorded, is Steve Turley. The company was acqui-hired. Its focus areas include Travel and Hospitality Tech, Rail IT, Maintenance and Fleet Monitoring. Its legal entity is Perpetuum Limited.
Company details
Perpetuum provides wireless monitoring solutions for the railway industry. The solution comprises of Nodes for data collection (powered by micro-generator that harvest vibration), Gateways for data transmission, and web applications for data visualizationaccess. The solution enables vibrational analysis for railway assets, track monitoring, and locomotivewagon monitoring. Uses cases include monitoring of rail or other industrial assets. The company has also won multiple accolades including the 2016 Modern Railways Innovation of the Year - Industry partnership and the 2014 Modern Railways Innovation of the Year - Engineering and Design.
- Headquarters Southampton, United Kingdom
- Employees 64
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website perpetuum.com
- Social LinkedIn X
- Acquired by Hitachi Rail (Aug 2020)
- Legal Name Perpetuum Limited
- Annual Revenue$3.79 M (USD)159as on Mar 31, 2022
- Net Profit-$10.9 M (USD)-670as on Mar 31, 2022
- EBITDA-$10.9 M (USD)-705as on Mar 31, 2022
- Total Equity Funding$17.76M (USD)
in 6 rounds
- Latest Funding Round$3.94M (USD), Series B
Aug 2018
- InvestorsIP Group
& 6 more
- Employee Count64
- Acquired byHitachi Rail
(Aug 2020)
Funding Insights of Perpetuum
Perpetuum has successfully raised a total of $17.76M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $3.94 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $17.76M
- Total Rounds 6
- Last Round Series B — $3.94M
- First Round $3.82M
(Feb 2006)
- Investors Count 6
All 6 funding rounds of Perpetuum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2018 | $3.94M | Series B | – | Finance Birmingham | – |
| Jun 2015 | Series B | – | – | ||
| Jun 2015 | $3.25M | Grant | – | – | |
| Jun 2014 | Series B | – | Parkwalk | – | |
| Oct 2007 | $10M | Series B | – | Quester, ETF Partners | – |
| Feb 2006 | $3.82M | Series A | – | Quester |
7 investors in total: 7 institutional.
Investors in Perpetuum
Perpetuum has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include IP Group, European Union and Hitachi Rail.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Funding is provided for businesses in the West Midlands region. | financebirmingham.com | Birmingham, United Kingdom | ||
Tech companies are invested in by Parkwalk venture capital firm. | parkwalkadvisors.com | London, United Kingdom | ||
Early-stage investments in tech and energy sectors are targeted. | etfpartners.capital | London, United Kingdom | ||
Venture capital and advisory services are offered across multiple sectors. | 2001 | ipgroupplc.com | London, United Kingdom | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Quester is engaged in brand strategy and innovation consulting. | quester.com | Des Moines, United States | ||
Provider of integrated rail solutions connecting the future of mobility through rolling stock, signalling, and digital technology | 2006 | hitachirail.com | London, United Kingdom |
Investor details for Perpetuum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Perpetuum
3 people are tracked at Perpetuum (3 in leadership); the tracked headcount is 64.
| Name | Role | Group |
|---|---|---|
Steve Turley | CEO | Leadership |
Stephen Ernest Henry Turley | Leadership | |
Roy Alan Freeland | Leadership |
Complete people profiles for Perpetuum
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Timeline of Perpetuum
4 dated milestones of Perpetuum across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Perpetuum is founded.
- Funding First funding round of $3.8M.
- Funding Latest funding round, Series B, of $3.9M.
- Exit Acquired by Hitachi Rail.
Web traffic of Perpetuum
Websites that share an audience with Perpetuum (perpetuum.com).
Websites whose visitors overlap most with Perpetuum. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| powercastco.com | 100% | 8K | #2,205,934 | View details | |
| micropelt.com | 98% | View details | |||
| low-powerdesign.com | 98% | View details | |||
| cymbet.com | 98% | View details | |||
 jartiuch.wordpress.com | jartiuch.wordpress.com | 98% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Perpetuum
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- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Rail IT
3 companies that operate in the same segment as Perpetuum (Rail IT) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Rail distribution solutions are provided for operators and distributors. | 2009 | London, England, United Kingdom | USD 71.4 M | USD 9.44 M | 38 | |
Saas-enabled plafform offering mobile ticketing solutions for transport operators | 2001 | London, England, United Kingdom | USD 53.18 M | USD 3.71 M | 104 | |
Provider of software, hardware, data analytics, and transport services | 2004 | Leeds, England, United Kingdom | USD 108.37 M | 1,810 |
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Related news about Perpetuum
Complete news archive for Perpetuum
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Frequently Asked Questions about Perpetuum
Perpetuum was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Perpetuum is headquartered in Southampton, United Kingdom.
Steve Turley is the CEO of Perpetuum, as recorded in our data.
Perpetuum is a funded company, having raised a total of $17.76M across 6 funding rounds to date. The company's 1st funding round was a Series A of $3.82M, raised on Feb 2006.
Perpetuum has 64 employees.
Annual revenue of Perpetuum is $3.79M as on Mar 31, 2022.
Perpetuum provides wireless monitoring solutions for the railway industry. The solution comprises of Nodes for data collection (powered by micro-generator that harvest vibration), Gateways for data transmission, and web applications for data visualizationaccess. The solution enables vibrational analysis for railway assets, track monitoring, and locomotivewagon monitoring. Uses cases include monitoring of rail or other industrial assets. The company has also won multiple accolades including the 2016 Modern Railways Innovation of the Year - Industry partnership and the 2014 Modern Railways Innovation of the Year - Engineering and Design.
Perpetuum has 7 investors. Key investors include IP Group, European Union, Hitachi Rail, Finance Birmingham, and Parkwalk.
Perpetuum operates through Perpetuum Limited.
Yes. Perpetuum was acquired by Hitachi Rail in August 2020.