ICEYE, a spin-off of the Aalto University, University Radio Technology Department, is a World-leading SAR data provider building a satellite-based service to provide the world with access to near-real-time imagery from space.

ICEYE empowers others to make better decisions in governmental and commercial industries by providing access to timely and reliable SAR satellite imagery.

ICEYE was founded in 2014 by Rafal Modrzewski and Pekka Laurila. The company is headquartered in Espoo, Finland.


ICEYE's radar satellite imaging service, designed to deliver very frequent coverage, both day and night, helps clients resolve challenges in sectors such as maritime, disaster management, insurance, and finance.


ICEYE's constellation is designed to provide customers with reliable and frequent imagery enabling the rapid detection and tracking of changes on the Earth's surface, regardless of time of day, or weather conditions.


ICEYE has already launched a total of five SAR satellites. On January 13, 2022, ICEYE launched two SAR satellites from Cape Canaveral, Florida. The launch also marked the first satellite built, licensed, and operated by ICEYE US.


ICEYE is backed by True Ventures, Seraphim Space, BAE Systems, OTB Ventures, Draper Associates, Luxembourg Future Fund, Finnish Industry Investment (Tesi), Draper Esprit, DNX, Kajima Ventures, and others. The company raised $136M in Series D round on Feb 03, 2022. This brings ICEYE's total funding to $313.3M to date. The latest round mints ICEYE a unicorn with a valuation of over $1B post-money.



  • Year founded: 2014
  • Funding Info: $313.3M over 7 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at over $1B as of Feb 03, 2022
  • City/Town: Espoo
  • State: Helsinki
  • Country: Finland
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