Cushman & Wakefield and Pupil partner to deliver property solutions

/ EdgeProp Singapore |
June 13, 2022 5:55 PM SGT
Photo of Cushman & Wakefield's office at CapitaSpring (Photo: Cushman & Wakefield)
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SINGAPORE (EDGEPROP) - Pupil, a London-based spatial data company, has entered into a strategic agreement with Cushman & Wakefield. The latter will use Pupil’s products to improve speed and accuracy of digital measurements and produce digital floors plans along with digital twins of properties, the companies state in a joint press release. As part of a global master services agreement, Cushman & Wakefield has also made an investment in Pupil.
Pupil’s products — Spec and Stak — combine proprietary artificial intelligence and Light Detection and Ranging (LiDAR) scanning hardware to measure and produce digital twins of real estate spaces. James Maddock, head of occupier services, EMEA at Cushman & Wakefield, says Stak is “a game changer for data accuracy, usability and fast output”. “Looking ahead, we’re excited to scale this solution more broadly across our business to empower our professionals to serve more of our clients,” he adds.
Pupil and Cushman & Wakefield say the companies may also explore creating and selling verified non-fungible tokens (NFTs) for real estate assets using Pupil’s technology. Meanwhile, Pupil says it has raised a total of $45 million in funding to date, with a focus on strategic investors and partners to aid its international growth. Among its investors is City Developments (CDL), which participated in the company’s Series A funding round in 2020.

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