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.
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ICEYE had an order backlog of more than €1.5 billion based on unaudited financial results.
ICEYE’s valuation rose beyond 10 billion euros after the Series F round.
The total Series F transaction for ICEYE exceeded 1 billion euros when secondary share sales are included.
The new capital will fund an expansion of ICEYE’s global manufacturing capabilities.
ICEYE delivered a fully operational sovereign space system to the Polish Armed Forces within 12 months of contract signing.
ICEYE operates the largest constellation of Synthetic Aperture Radar satellites.
Governments and commercial clients use ICEYE’s data for border security, disaster response, and infrastructure tracking.
ICEYE plans to increase satellite production from 50 satellites per year to 100 satellites per year by 2028.
ICEYE had previously raised roughly $730 million USD before the latest funding round.
ICEYE achieved more than 100 million euros in core profitability in 2025.
Including the related secondary placement, ICEYE's total fundraising exceeded €1 billion.
ICEYE is manufacturing a high-resolution radar satellite for MDA Space and its CHORUS constellation.
General Atlantic led ICEYE’s Series F funding round.
Seven European governments have acquired sovereign satellite systems developed by ICEYE.
ICEYE planned to use the new capital to expand internationally and increase its operational capacity.
ICEYE plans to increase satellite production from 50 per year to 100 per year by 2028.
The CHORUS system will combine wide-area scanning from a Canadian-built satellite with targeted imaging from an ICEYE spacecraft.
In 2025, ICEYE generated more than €250 million in revenue.
ICEYE's Series F financing round valued the company at more than €10 billion.
ICEYE appointed Eric Jensen as global Chief Operating Officer on June 2.