Finnish spacetech company ICEYE has raised €450 million in a primary Series F funding round led by General Atlantic, at a valuation of over €10 billion. Together with a secondary placement, the total Series F funding round exceeds €1 billion.
ICEYE delivers persistent monitoring capabilities to detect and respond to changes anywhere on Earth and owns the world's largest and most advanced SAR (synthetic aperture radar) satellite constellation. Its constellations serve customers in defence and intelligence, environmental monitoring, insurance and emergency management. We enable fast decisions that contribute to a safer future. Seven governments to date across Europe have procured sovereign satellite systems from ICEYE.
The company recently delivered a fully operational sovereign space system to the Polish Armed Forces, from contract signing to operational capability in 12 months, among the fastest sovereign space deployments in history.
The model is now being replicated across Europe, the Middle East and Asia, and the pace is accelerating.
Additional investors include Solidium, Tesi, Varma, Ilmarinen, Lifeline Ventures, as well as Nokia from Finland, Qatar Investment Authority (QIA) and TCV.
