Iceye
Earth observation data through SAR satellite constellations
- 501-1000 employees
- B2B
- Manufacturing
- Big data
- Robotics
- Computer Vision
- Aerospace
- Espoo
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Company mission
To enable everyone to make better decisions, in a variety of industries, based on timely and reliable Earth observation data.
12% employee growth in 12 months
Our take
With its origins in Helsinki and now with a U.S subsidiary, ICEYE is a synthetic aperture radar (SAR) imaging startup. Its in-house built constellation delivers monitoring capabilities for any location on earth, providing customers with reliable and frequent images of any point on the Earth’s surface.
Despite other players in the game, ICEYE’s unique satellite constellation and technology approach means that its offerings are unmatched, whilst purposely being built smaller, more affordable and more flexible than legacy systems. The breadth of use for various customers provides it with mass-market appeal, including shipping, insurance, maritime monitoring, and natural disaster response.
The company is setting its sights high, raising $158M in 2024 alone. With this money, ICEYE is set to develop its SAR satellite constellation and its ISR platform, addressing the growing demand for space-based technology and defense in ISR (intelligence, surveillance & reconnaissance markets). Alongside this, it has made a number of recent partnerships, further bolstering the company as it goes forward.
Steph
Company Specialist at Welcome to the Jungle
Funding (last 2 of 10 rounds)
Dec 2024
$32.5m
SERIES E
Apr 2024
$93m
SERIES E
Total funding: $426.8m
This company has top investors
Leadership
Pekka Laurila
(Co-Founder & CSO)Before co-founding Iceye in 2012, they studied Geomatics at Aalto University.
Rafal Modrzewski
(Co-Funder & CEO)Previously worked in Research for VTT Technical Research Centre of Finland.