ICEYE
About
About ICEYE
ICEYE designs, builds and operates small synthetic-aperture-radar satellites. Radar illumination allows the spacecraft to image Earth through darkness and cloud, while a large, frequently replenished constellation supports repeated collection over priority locations for change detection, maritime awareness, disaster response and defence intelligence.
Customers can task ICEYE's commercial fleet and receive processed imagery through an API, or procure a sovereign mission combining dedicated satellites, launch, ground stations, mission-control software, local processing and training. The fourth-generation spacecraft provide resolution down to 16 centimetres in selected modes and a wider field of regard for faster revisits. ICEYE had launched 76 satellites by July 2026, including commercial and customer-owned missions.
Supply
Supply chain relationships
- Polish Armed Forces
Outbound - Space Systems - ICEYE delivered the MikroSAR satellite system and space segment to the Polish Armed Forces
Source
Funding
- 2025-12-05 - Series E - $174.7M - ICEYE closes EUR 150M Series E at EUR 2.4B valuation
valuation: EUR 2.4B (~$2.79B) - ICEYE completed a primary Series E led by General Catalyst alongside a separately disclosed secondary placement. - source: iceye.com
- 2022-02-03 - Series D - $136M - ICEYE closes USD 136 million Series D
ICEYE closed a USD 136 million Series D to expand its SAR satellite constellation and natural-catastrophe analytics business. - source: iceye.com
Investors
- A.P. Moller Holding - Participant - Unknown - 1 funding event - first seen 2025-12-05
- Bpifrance - Participant - Unknown - 1 funding event - first seen 2025-12-05
- European Tech Collective - Participant - VC - 1 funding event - first seen 2025-12-05
- General Catalyst - Lead - VC - 1 funding event - first seen 2025-12-05
- Ilmarinen - Participant - Unknown - 1 funding event - first seen 2025-12-05
- Keva - Participant - Unknown - 1 funding event - first seen 2025-12-05
- Lifeline Ventures - Participant - VC - 1 funding event - first seen 2025-12-05
- Peter Sarlin - Participant - Angel / Individual - 1 funding event - first seen 2025-12-05
- RiO Family Office - Participant - Unknown - 1 funding event - first seen 2025-12-05
- Solidium - Participant - Unknown - 1 funding event - first seen 2025-12-05
- Tesi - Participant - Unknown - 1 funding event - first seen 2025-12-05
- Varma Mutual Pension Insurance Company - Participant - Unknown - 1 funding event - first seen 2025-12-05
- Vinci (BGK Group) - Participant - Unknown - 1 funding event - first seen 2025-12-05
Timeline
Events
- 2026-06-09 - Market Signal - ICEYE signs conditional EUR 450 million Series F
General Atlantic led the proposed primary financing. A secondary placement would bring the combined Series F transaction above EUR 1 billion if completed. ICEYE explicitly stated that the transaction was subject to customary closing conditions and regulatory approvals.
Source - 2026-05-15 - Deployment - ICEYE hands operational MikroSAR system to Polish Armed Forces
ICEYE delivered four SAR satellites, with the three-satellite baseline completed within ten months. Polish military operators completed training and began independent constellation operations through ARGUS. The roughly EUR 200 million programme included ICEYE's space segment and a Polish-delivered ground and mobile infrastructure segment.
Source - 2025-12-05 - Funding - ICEYE closes EUR 150M Series E at EUR 2.4B valuation
Participants included A.P. Moller Holding, Bpifrance, Vinci of BGK Group, RiO Family Office and a group of Finnish institutional investors. ICEYE plans to use the primary capital to expand its SAR constellation and accelerate sovereign satellite systems, sensing and data-intelligence services. The company had launched 62 satellites and targeted an average production rate of one satellite per week in the following year.
Source - 2024-12-18 - Funding - ICEYE closes $65M mixed debt-and-equity financing extension
Funds managed by Solidium, BlackRock and Seraphim participated in the extension. ICEYE disclosed that the completed $65 million package combined debt and equity but did not disclose the component split. The financing brought ICEYE’s 2024 capital raised to $158 million and supported further investment in its SAR constellation and intelligence platform.
Source - 2022-02-03 - Funding - ICEYE closes USD 136 million Series D
Seraphim Space led the completed Series D. BAE Systems, Kajima Ventures and multiple existing and new investors participated. ICEYE said the capital would expand its satellite fleet, analytics services and Natural Catastrophe Insights offering.
Source