Helsinki, FINLAND – September 22, 2020 –ICEYE, a World-leading SAR data provider, today announced the closing of a larger than planned $87M Series C funding, led by return investor True Ventures, with a significant additional investment by OTB Ventures.
ICEYE has so far successfully launched 5 satellite missions, starting with the first ever small SAR satellite launched in January 2018. The company is launching 4 additional SAR satellites this year and is on course to launch at least an additional 8 in 2021. This will grow the existing operational constellation into a capability that is unique in the World. To date, ICEYE has raised a total of $152M in financing.
Newly launched space investment program supports $87m series C funding round for ICEYE
Builds on OTB Ventures alliance with Draper Venture Network
AMSTERDAM, 22 September 2020 – OTB Ventures, a leading venture capital firm specialized in investments in technology companies originating in Central and Eastern Europe (CEE), today announces the launch of a dedicated investment vehicle to support Europe’s leading space technologies – OTB Space Program I – backed by the European Investment Fund and the European Commission through the InnovFin for Equity programme.
New radar satellite imaging source for the International Disaster Charter helps during and after major disasters. ICEYE’s first imagery for the Charter was already shared in response to recent flooding in Somalia.
Helsinki, FINLAND, June 25, 2020 (ICEYE PR) – The Finnish New Space company ICEYE is now providing radar imaging data from its commercial synthetic-aperture radar (SAR) satellite constellation to the International Charter Space and Major Disasters for use in monitoring and response activities.
ICEYE provides these images at no cost to the Charter’s Authorised Users to enable wider and more timely information access for disaster events worldwide.
Helsinki, FINLAND, May 6, 2020 (ICEYE PR) – Finnish New Space leader ICEYE is the first in the world to demonstrate interferometric capabilities from synthetic-aperture radar (SAR) satellites under 100kg (220 pounds) in mass. With an actively maintained 18-day ground track revisit cycle, ICEYE is now able to produce a further capability that was previously only available from larger, conventional SAR satellites. Interferometry is made available to ICEYE customers later in 2020.
HELSINKI, March 26th, 2020 (ICEYE PR) – Finnish New Space leader ICEYE unveiled today its latest capability of 25 cm resolution imaging with synthetic-aperture radar (SAR) small satellites, utilizing the company’s current commercial SAR satellite constellation in-orbit. With this very high resolution imaging capability, ICEYE SAR data achieves the same resolution class provided by larger, conventional commercial SAR satellites operating at their highest performance.
ICEYE successfully launched its first SAR satellite in January 2018, ICEYE-X1, which achieved 10×10 meter resolution data capabilities, while also becoming the World’s first SAR satellite mission under 100 kilograms (220 pounds) in launch mass. With the company’s latest development of 25 cm imaging from its current commercial SAR satellite constellation of 3 spacecraft, ICEYE data achieves the finest classification of resolution in the commercial SAR market.
ICEYE continues to lead the way for synthetic-aperture radar satellite technologies, now with a newly unveiled in-orbit demonstration for analyzing movement from the company’s SAR data.
WASHINGTON, DC – March 9th, 2020 (ICEYE PR) – Finnish New Space leader ICEYE unveiled its newest in-orbit satellite demonstration, the capability to create synthetic-aperture radar (SAR) videos from the company’s current SAR satellite constellation, during Satellite 2020 in Washington, DC. ICEYE’s innovative imaging and processing technique for generating SAR videos can be used for advanced analysis of movement from a single satellite pass. This in-orbit demonstration opens new use cases for data users, while validating once more the forerunner status of ICEYE in SAR satellite technology.
HELSINKI, February 13, 2020 (ICEYE PR) –ICEYE, the global leader in small satellite synthetic-aperture radar (SAR) technology, today announced the hire of Dr. Mark Matossian, an aerospace industry expert, as CEO of ICEYE US, Inc. Dr. Matossian most recently served for more than a decade in program management at Google, including carrying the responsibility of manufacturing and launch of the Terra Bella Earth imaging constellation. The hire marks a significant expansion in the US activities of ICEYE, including plans to extend satellite manufacturing to the US.
HELSINKI, January 20, 2020 (ICEYE PR) – ICEYE announced today the launch of its global Dark Vessel Detection solution for governmental maritime security customers. The unique solution combines synthetic-aperture radar (SAR) satellite data from ICEYE, and automatic identification system (AIS) data from vessels. Dark Vessel Detection is used as a source of actionable information for governments monitoring their Exclusive Economic Zones (EEZ), day and night, and even through cloud cover.
HELSINKI, November 6, 2019 (ICEYE PR) – ICEYE, the global leader in small satellite synthetic-aperture radar (SAR) technology, today announced that it has signed a Memorandum of Understanding (MOU) with RS Metrics to jointly offer to the commodities market the world’s first global SAR-based iron ore inventories dataset with up to daily updates. Access to the dataset will provide commodities traders and industry analysts further competitive advantages in predicting supply and demand, at higher update intervals, and with better accuracy.
HELSINKI, October 16, 2019 (ICEYE PR) –ICEYE, the global leader in small satellite synthetic-aperture radar (SAR) technology, today announced that its recently developed Spotlight imaging mode, which enables 1-meter radar imaging from the company’s satellite constellation, is now commercially available to its customers around the world. ICEYE Spotlight imaging is purpose-built to achieve a high resolution that supports a variety of use cases for both commercial and government customers.
Helsinki, FINLAND – October 7, 2019 – ICEYE, the global leader in small satellite synthetic-aperture radar (SAR) technology, announced today that it has signed a Memorandum of Understanding (MoU) and a commercial reseller agreement with ST Engineering Geo-Insights Pte Ltd. to serve the commercial and government markets in South East Asia.
As a part of the agreement, the two companies will provide mutual support to develop the regional and global market for rapid revisit, high resolution SAR imagery and SAR based geospatial analytics.
Tromsø, Norway and Helsinki, September 25, 2019 (ICEYE/KSAT PR) –ICEYE, the global leader in small satellite synthetic-aperture radar (SAR) technology, and Kongsberg Satellite Services (KSAT), today announced they have signed an extended cooperation agreement on providing Near Real-Time (NRT) SAR data services for government and commercial customers. The newly signed contract covers further data purchases and extended operations of ICEYE’s Near Real-Time SAR processor within the KSAT Ground Network, resulting in an extremely fast delivery chain for data and value-added products for customers.
Helsinki, FINLAND – September 12, 2019 (ICEYE PR) –ICEYE, the leader in small synthetic-aperture radar (SAR) satellite technology, today announced its two SAR satellites launched in July 2019 have finalized their initial commissioning, and are available for customer data orders.
The company now provides standardized commercial imaging access to three of its SAR satellite units, in addition to serving a number of customers with custom data products and solutions. ICEYE is set to launch two more SAR satellite units by the end of 2019 to further increase the commercial availability and coverage of the globe with the company’s constellation.
HELSINKI, August 9, 2019 (ICEYE PR) –ICEYE, the global leader in small satellite synthetic-aperture radar (SAR) technology, is the first in the world to achieve better-than 1 meter resolution imagery from under-100kg (220 pounds) SAR satellites.
The new Spotlight imaging capability builds on ICEYE’s legacy of leading the way on small satellite SAR since its history-making first small SAR satellite launch in January 2018. Since then the company has continued to launch more satellites, latest in July 2019 with two new units. With new satellites being launched still during 2019, ICEYE continues to develop and optimize its imaging capabilities further for customers in both commercial and government segments.