Finland’s satellite imaging startup ICEYE raises oversubscribed €87M growth funding round

ICEYE is a company specialising in synthetic aperture radar (SAR) satellite technology used for earth observation, monitoring, and disaster response. First, they will continue to expand their Missions business, especially with allied governments interested in using advanced SAR spacecraft for defence and civil purposes. Second, ICEYE plans to develop new SAR data products that can quickly detect and track changes on Earth’s surface, no matter the time or weather. Rafal Modrzewski, CEO and co-founder of ICEYE says, “As a Finnish heritage company headquartered in Finland, we welcome our newest investor and board member, Solidium. ICEYE partners with governments and commercial industries, providing intelligence across sectors including insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance.