Finland's ICEYE raised €450M led by General Atlantic at a €10bn valuation, quadrupling in six months as governments rush to own sovereign radar satellites.

Finnish satellite maker ICEYE has raised €450M in a Series F led by General Atlantic, reaching a €10B valuation after surpassing €250M in revenue.

The startup last raised €200m in December

Finland's ICEYE raised €450M led by General Atlantic at a €10bn valuation, quadrupling in six months as governments rush to own sovereign radar satellites.

Finnish satellite company Iceye has secured more than €1 billion in new investment and share transactions, pushing its valuation to €10.5 billion and placing it among Europe’s…

Iceye, a Finnish company that develops and operates radar imaging satellites, has raised more than 1 billion euros ($1.16 billion) in a funding round.

Backed by General Atlantic, Nokia and Qatar Investment Authority, the Finnish company plans to double satellite production while expanding its intelligence-from-space platform.