# ICEYE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iceye-2

- Industry: Aerospace
- Headquarters: Espoo, Finland
- Website: www.iceye.com/
- Total disclosed funding: $175M
- Latest round: Series E (Dec 5, 2025)
- Investors on record: 10

## About

Based in Poland, ICEYE provides innovative satellite radar technology, focusing on persistent Earth Observation and disaster management solutions through high-resolution imagery and analytics for diverse applications. Founded in 2014 in Espoo, Finland by Rafal Modrzewski and Pekka Laurila. ICEYE specializes in satellite radar technology, providing Earth observation solutions. The company has received USD 11 million in funding, with Vinci as the latest investor in a Buyout round in August 2025. ICEYE is a leader in Synthetic Aperture Radar (SAR) satellite technology, specializing in persistent Earth Observation and disaster management solutions. The company's core offerings include high-resolution satellite imagery with a fidelity of 25 cm, which is utilized for tactical decision-making in diverse conditions. ICEYE's services are designed to empower various end-users, including governments, insurers, and disaster response teams, by providing near real-time data on natural catastrophes such as floods, hurricanes, and wildfires. Their machine learning-powered Flood Rapid Impact Product represents a recent innovation aimed at enhancing disaster response capabilities. ICEYE serves a global market, including partnerships with entities such as NATO, the Finnish Ministry of Defense, and the Royal Netherlands Air Force, thereby establishing a wide-reaching customer base across Europe and beyond. ICEYE generates revenue primarily through subscriptions and partnerships with governmental and commercial entities that require access to its satellite data and analytics. Their clients engage in business transactions that typically involve access to SAR data products and tailored solutions based on specific needs. In addition to direct contracts with customers, ICEYE collaborates with reinsurance companies, such as MAPFRE RE, to license its global flood data. The pricing structure for ICEYE's services is based on the value provided through detailed analytics and the frequency of satellite imagery tasks, although specific pricing details for flagship services are not publicly disclosed. This transactional model underscores ICEYE's commitment to delivering actionable intelligence and custom solutions in the realm of disaster management and defense operations. In August 2025, Vinci acquired ICEYE for USD 11 million, enabling the company to expand its holdings and enhance its satellite offerings across Europe and beyond. This acquisition is expected to support ICEYE's strategy for growth by enhancing its product portfolio and enabling entry into new geographic markets.

## Funding rounds

- Series E, Dec 5, 2025, $175M — General Catalyst Partners, Keva, Tesi, Lifeline Ventures, Ilmarinen Mutual Pension, Varma Mutual Pension Insurance Company, Bpifrance, A.P. Moller Holding, Solidium, Vinci

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series E
- Keva — Series E
- Tesi (https://capitalatlas.ai/funds/tesi) — Series E
- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Series E
- Ilmarinen Mutual Pension — Series E
- Varma Mutual Pension Insurance Company — Series E
- Bpifrance — Series E
- A.P. Moller Holding — Series E
- Solidium — Series E
- Vinci (https://capitalatlas.ai/funds/vinci) — Series E