ICEYE is a Finnish New Space technology company and the global leader in small Synthetic Aperture Radar (SAR) satellite operations for Earth Observation. ICEYE designs, builds, and operates a commercial constellation of SAR microsatellites, the largest in the world, providing high-resolution imagery of the Earth's surface, day or night, and even through cloud cover. They offer solutions, satellite data, and data fusion to governments and commercial industries for applications such as disaster management, security, maritime and infrastructure monitoring. ICEYE has partnerships with organizations like the National Reconnaissance Office (NRO), NATO, and Geoscape Australia, and supplies SAR data to allied nations.
All verified mentions of this organization in source documents.
ICEYE presented NatCat data during RAA2026.
ICEYE is positioned in the geospatial services segment focused on catastrophic risk with an operational emphasis on NatCat data to support insurance decision processes.
ICEYE engaged with Munich Re during RAA2026.
ICEYE is the technology partner for Space42’s Foresight SAR constellation.
Seraphim Space’s investment portfolio includes Iceye, D-Orbit, Xona Space Systems, Skylo, Pixxel, and AST SpaceMobile.
Iceye collaborated with Swedish Space Corporation to enhance sovereign space capabilities for Nordic and NATO security.
Iceye launched the Flood Rapid Impact product in July 2024 to deliver automated, near-real-time flood data for emergency managers, energy and utility organizations, insurers, and banks.
Iceye signed contracts in 2025 with the Royal Netherlands Air Force, the German Armed Forces, the Portuguese Air Force, and the Finnish Air Force.
Rafal Modrzewski is CEO and co-founder of Iceye.
ICEYE partnered with Rheinmetall to win a €1.7 billion defense contract from the German military.
ICEYE closed a €150 million Series E funding round in December, bringing the company’s total funding above €600 million.
ICEYE has been the largest recipient of defense contracts among Finnish space companies.
The monitoring campaign conducted by ICEYE between January and February 2026 documented the spatial extent of flooding across large areas of Spain and Portugal.
ICEYE acquired over 630 synthetic aperture radar (SAR) image frames starting on January 25, 2026 covering areas affected by storms in Spain and Portugal.
ICEYE’s SAR data allowed regional-scale mapping and delimitation of flooded surfaces in the areas affected by the storms.
ICEYE’s radar satellite constellation operated continuously over the affected areas of the Iberian Peninsula during the acquisition campaign.
ICEYE’s SAR acquisitions show 465,700 hectares affected by flooding following storms Kristin, Leonardo, Marta, Nils, and Oriana.
ICEYE published aggregated results of its SAR acquisitions from the Iberian Peninsula on the social platform X.
Rheinmetall and ICEYE received a €1.7 billion award in December 2025 for space-based reconnaissance using their synthetic aperture radar satellite constellation.
Iceye has a valuation of $3 billion.