Rafal Modrzewski, Co Founder and CEO of ICEYE, said: “ICEYE’s SAR technology has become a core strategic and tactical tool for governments and institutions worldwide. Our team has a strong track record of turning advanced SAR technology into concrete results for customers who need answers in minutes, not days.”
He added: “This funding enables us to deepen that commitment by investing in the expansion of our world leading SAR constellation, next generation sensing capabilities, and data intelligence services that help governments and organizations manage risk and respond faster. For European nations and allies, that means greater control over their own space based intelligence – and a partner capable of delivering at industrial scale.”
Jeannette zu Fürstenberg, Managing Director and Head of Europe at General Catalyst, said: “Europe’s security starts with sovereign space capability. ICEYE enables that, with the world’s largest SAR constellation, software defined satellites, and fully sovereign missions that put independent visibility back in Europe’s hands.”
She added: “Ministries and intelligence agencies can secure borders via on-demand imagery, while nations seeking full control can deploy their own turnkey satellite missions. That’s why we see ICEYE as a rising global space prime.”
The Series E round brought in investors from across Europe, including A.P. Moller Holding, Bpifrance, Vinci (BGK Group), RiO Family Office, and Finnish backers such as Solidium, Ilmarinen, European Tech Collective, Keva, Lifeline Ventures, Tesi, Varma Mutual Pension Insurance Company, and Peter Sarlin. ICEYE said the new capital supports continued growth of its constellation and faster deployment of sovereign systems and sensing technologies.
ICEYE operates the world’s largest synthetic aperture radar satellite fleet, providing near real time insights in any weather or light conditions. Its fourth generation platform delivers commercial SAR imagery with resolutions of up to 16 cm and allows new capabilities to be added through software updates from the ground.
The company has already supplied sovereign systems to several European allies, including agreements with the Polish Armed Forces, Portuguese Air Force, Royal Netherlands Air Force, Greek National Space Program, and Finnish Defence Forces, alongside a SAR data agreement with NATO Allied Command Operations. ICEYE has launched 62 satellites to date and plans to increase production to one satellite per week next year to meet rising demand for sovereign space capability.
