# Icarus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/icarus

- Industry: Defence
- Headquarters: El Segundo, US
- Website: www.icarus.one
- Latest round: Seed (Oct 29, 2025)
- Investors on record: 2

## About

Icarus, based in the US, specializes in advanced aerial surveillance and communication solutions through its innovative product APOLLO, designed for high-altitude autonomy and long-duration operations.Founded in 2023 and headquartered in El Segundo, US, Icarus provides advanced aerial surveillance and communication solutions. The company focuses on supporting governmental agencies and defense contractors. It has completed one deal as of October 29, 2025, and has thus far not undergone any major shifts in business strategy or operations.Icarus focuses on providing advanced aerial surveillance and communication solutions through its flagship product, APOLLO, which is engineered for stratospheric dominance. This solar-powered, autonomous system operates above 60,000 feet, capable of continuous flight for weeks without landing, making it immune to weather interference and most threats. APOLLO is designed to deliver ultra-low-latency data, offering continuous coverage and high-resolution real-time sensing, which maximizes the quantity, quality, and timeliness of information. The end-use cases for APOLLO include military reconnaissance, disaster response, environmental monitoring, and telecommunications support. The company primarily serves governmental agencies, defense contractors, and corporations requiring enhanced situational awareness and connectivity in regions where traditional ground or satellite systems fall short. Markets served include North America, Europe, and select regions in Asia, where there is a demand for advanced aerial intelligence solutions.Icarus generates revenue through strategic partnerships and direct contracts with government and commercial clients that leverage its APOLLO system for various applications. The company's pricing structure involves long-term contracts for service usage, which may include ongoing maintenance and operational support. Clients typically enter agreements that stipulate the deployment of the APOLLO units for specific missions, with fees associated with the duration of service and data delivery. Revenue is derived from both one-time project fees and recurring service agreements, ensuring that clients have access to the continuous coverage and data analytics capabilities that Icarus provides. This dual revenue stream positions Icarus to capitalize on both immediate project needs and long-term relationships with clients who require sustained aerial surveillance and communication solutions.In October 2025, Icarus raised an undisclosed amount of venture funding from new investors Pioneer Fund and Y Combinator. The company will use the funding to accelerate its growth. Icarus plans to introduce new products to enhance its service offerings while also targeting expansion into new markets, particularly in Asia and Europe, by 2026.

## Funding rounds

- Seed, Oct 29, 2025 — Y Combinator, Pioneer Fund

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed