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ICEYE has secured €150 million in a new funding round.
The funding will be used to expand ICEYE's SAR satellite constellation.
ICEYE's Gen4 SAR satellites will provide extended coverage of up to 400 kilometres.
ICEYE's Gen4 SAR satellites are expected to offer a resolution of up to 16 centimetres.
ICEYE operates the world’s largest Synthetic Aperture Radar (SAR) satellite constellation.
ICEYE provides near-real-time insights day or night and in all weather conditions.
Iceye has sold satellites to several European nations including the Polish Armed Forces, Portuguese Air Force, Royal Netherlands Air Force, Greek National Space Program, and Finnish Defence Forces.
Iceye previously raised $158 million last year with a significant investment from Finland’s sovereign wealth fund Solidium Oy.
Iceye's headquarters is located in Otaniemi, Finland, outside of Helsinki.
Iceye operates the world’s largest synthetic aperture radar (SAR) constellation.
Iceye co-founder and CEO Rafal Modrzewski stated that the new funding will allow Iceye to expand its constellation of SAR satellites and data intelligence services.
Iceye raised 150 million euro in new funding led by General Catalyst, valuing the company at 2.4 billion euro ($2.8 billion).
Iceye has a SAR data agreement with NATO Allied Command Operations.
The two ICEYE satellites will improve Greece's response to natural disasters and support the development of the Greek space sector.
Greece's two ICEYE satellites will strengthen Greece's ability to observe its territory and surrounding seas in all weather and lighting conditions.
Greece will receive access to ICEYE's wider commercial radar constellation to increase coverage over national areas of interest.
The collaboration allows Aechelon to transform ICEYE’s high-resolution space-based synthetic aperture radar imagery into high-fidelity, physics-accurate 3D terrain visualizations.
The X-band synthetic aperture radar on each ICEYE spacecraft can operate in multiple imaging modes and supply day-and-night observations at resolutions down to approximately 25 centimetres.
Each ICEYE spacecraft has a mass of about 120 kilograms and carries an X-band synthetic aperture radar.
The European Space Agency (ESA) provides the programme framework and supports ICEYE in developing the radar satellites.