Saturday, June 11, 2022

PUPIL AND CUSHMAN & WAKEFIELD ENTER STRATEGIC AGREEMENT TO DELIVER DIGITAL PROPERTY SOLUTIONS

NEW YORK & SINGAPORE, June 9 (Bernama-BUSINESS WIRE) -- Pupil, a spatial data company that has created an ecosystem to digitally map the built world, today announced it has entered a strategic agreement with Cushman & Wakefield (NYSE: CWK), one of the world’s largest real estate services firms. Cushman & Wakefield will use Pupil globally to improve speed and accuracy of digital measurements and produce digital floor plans and digital twins of properties.

Founded by James D. Marshall and Oliver Breach, Pupil has created next generation technology through a five-year R&D programme. The business has raised $45 million to date, with a focus on strategic investors and partners to aid its rapid international growth. As part of a global master services agreement, Cushman & Wakefield has also made an investment in Pupil.

Through its products, Spec and Stak, Pupil combines proprietary artificial intelligence (AI) and industrial-grade Light Detection and Ranging (LiDAR) scanning hardware to capture millions of points of measurement to document commercial and residential real estate and produce next generation digital twins of the spaces. Spec and Stak property captures are carried out by Pupil’s industry-first workforce of RICS Certified Digital Surveyors.

Cushman & Wakefield’s professionals will use Stak to deliver value to clients by combining digital assets, rapid capture times and high-speed delivery to turn buildings into software, with floor plans, photography, CAD drawings, lease plans, site information drawings and digital twins. 

No comments:

Post a Comment