The new funding, a mix of debt and equity, will support continued expansion of Iceye’s constellation of SAR satellites as well as its intelligence, surveillance, and reconnaissance (ISR) platform and related systems.
“This extension of our growth funding round further bolsters Iceye’s investment in its capabilities and enables us to respond even better to the growing demand for space-based technology in the global defense and ISR markets,” Susan Repo, chief financial officer of Iceye, said in a statement.


The Helsinki-based company builds and operates a constellation of SAR satellites, providing imagery at resolutions as sharp as 25 centimeters for a variety of civil and defense applications. The company also sells dedicated satellites for customers, primarily governments.
The funding announcement came just before the launch of two new Iceye satellites on SpaceX’s Bandwagon-2 rideshare mission Dec. 21. The two satellites will operate in mid-inclination orbits, providing improved revisit times for mid-latitude regions.

“We bolster our industry-leading SAR constellation and expand our customers’ collection opportunities in the areas most important to them,” Rafal Modrzewski, chief executive of Iceye, said of the new mid-inclination satellites after the launch.
  • With the Bandwagon-2 mission, Iceye has launched nine SAR satellites in 2024. The company earlier projected launching as many as 15 during the year.

everything RF
4 days ago
ICEYE Raises an Additional $65 Million for its Synthetic Aperture Radar (SAR) Satellite Operations

RELATED