ICEYE, a Helsinki, Finland-based company which specializes in synthetic aperture radar (SAR) satellite operations for high-fidelity Earth Observation, persistent monitoring, and natural catastrophe solutions, raised $65M extension to existing growth round.
Backers included Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev.
The company intends to use the funds to increase investment in further developing its SAR satellite constellation, its intelligence, surveillance, and reconnaissance (ISR) platform, and related systems.
The extension brought the total amount raised in 2024 to $158M. In total, ICEYE has raised over $500M to date.
ICEYE delivers persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before. Owning a synthetic aperture radar (SAR) satellite constellation, the company provides objective, near real-time insights, ensuring that customers have access to actionable data, day or night, even in challenging environmental conditions. As a used partner to governments and commercial industries, the company delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development.
ICEYE operates internationally with offices in Finland, Poland, Spain, the UK, Australia, Japan, UAE, Greece, and the US. The company has more than 700 employees.
FinSMEs
18/12/2024