London proptech Pupil raises further £13.9m
London-based startup Pupil, a leader in AI-driven real estate measurement, has secured a fresh round of funding of £13.9million.
The latest funding brings the total raised since the company was launched in 2016, to £22.3million.
The lead investors in this round acquiring a minority stake were Singapore’s prominent City Developments Limited, alongside a number of US-based investors who were early backers of Rightmove.
Founded in 2015 by James D. Marshall, Oliver Breach and David Mullett, Pupil mixes enterprise software with machine learning to ‘accurately measure the built world’ through its patent-pending technology.
Pupil launched its first product, Spec, in June 2019 which provides property marketing for agents.
Spec has been rolled out across more than 500 estate agency branches, capturing and generating thousands of digital twins of residential property every month.
Spec’s AI technology offers the first-ever verified, mass-market measurement tool and is rapidly becoming the new standard for the residential property industry.
Following the successful launch of Spec in London, the company has ambitions of expanding internationally.
James D Marshall, Founder and CEO said: “Since Pupil’s inception in 2016, the team has grown to over 100 and we plan to use this latest injection of investment to support the development of our products and services to deliver growth of the Pupil brands both in the UK and in major property hubs worldwide.
Marshall added: “Pupil’s second product Stak will be unveiled later this year and will be focused on disrupting the commercial real estate market, an industry that is rapidly adopting technology, and we aim to capitalise on this opportunity around the globe.”