Value.Space

Founded in 2022 by Reijo Pold and Agu Leinfeld, Value.Space is a London-based company operating at the intersection of space technology and financial services, with a particular focus on the insurance sector. The company leverages satellite-based Interferometric Synthetic Aperture Radar (InSAR) to provide risk assessments and monitoring for large-scale infrastructure and commercial properties globally. Co-founder Reijo Pold, who serves as Chief Strategy Officer, brings a background as a London-based investment expert with extensive experience in European and Chinese markets. His previous work includes founding the Innovation Heads community for corporate innovation practitioners. The company was formerly known as Sille.Space.

Value.Space's core business involves using satellite data to detect millimetre-scale surface deformations in structures like dams, mines, commercial real estate, highways, and railways. This is accomplished through InSAR technology, which compares radar images taken at different times to create detailed deformation maps, offering a precision that is invisible to the naked eye. The company combines this movement data, which can include up to ten years of historical information, with climate data and AI-driven predictive analytics to produce comprehensive structural risk audits. This service enables clients, primarily underwriters and risk engineers in the insurance industry, to better understand and quantify structural risks for loss prevention and more accurate policy pricing. The business model is designed to be significantly faster and more cost-effective than traditional ground-based assessment methods.

The company's platform serves a global client base, providing monitoring for assets like tailings storage facilities (TSFs) in the mining industry, identifying subsidence risks for commercial properties, and auditing the structural health of dams. A notable milestone includes a collaboration with the UN Economic Commission for Europe (UNECE) to deploy its technology for strengthening global mining safety standards. Value.Space has gained significant traction within the insurtech community, having participated in Cohort 4 (2020) and Cohort 10 (2022) of the Lloyd’s Lab accelerator program. In May 2023, the firm successfully raised $2.3 million (€2.1 million) in a seed funding round from investors including Specialist VC, Superangel, Inventure, and Lemonade Stand.

Keywords: infrastructure monitoring, satellite risk assessment, InSAR technology, insurtech, commercial property insurance, dam safety, mining risk management, structural health monitoring, deformation detection, predictive analytics, subsidence monitoring, risk engineering, earth observation, asset integrity, loss prevention, space technology, geospatial intelligence, climate risk, catastrophe modeling, Reijo Pold