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USD 87M in Series C for ICEYE to Continue Conquering Boundaries in Radar Satellite Imaging

USD 87M in Series C for ICEYE to Continue Conquering Boundaries in Radar Satellite Imaging

09/22/20, 12:17 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/FI.svgespoo
Industry
information technology
Round Type
series c
 ICEYE, a World-leading SAR data provider, today announced the closing of a larger than planned for $87M Series C funding, led by the return investor True Ventures, with a substantial investment contribution from OTB Ventures. ICEYE has so far successfully launched 5 satellite missions, starting with the first ever small SAR satellite launched in January 2018. The company is launching 4 additional SAR satellites still this year and is on course to launch an additional 8 in 2021. This will grow the existing operational constellation into a capability that is unique in the World

Company Info

Company
Iceye
Location
espoo, etelä-suomi, finland
Additional Info
ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before. Owning the world's largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development. ICEYE operates internationally with offices in Finland, Poland, Spain, the UK, Australia, Japan, UAE, Greece, and the US. We have more than 700 employees, inspired by the shared vision of improving life on Earth by becoming the global source of truth in Earth Observation.
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