ICEYE
ICEYE is the global leader in SAR satellite operations, headquartered in Espoo, Finland, with over 1,000 employees across 10 countries including the UK, Poland, Spain, Australia, Japan, and UAE.
- Founded
- 2014
- Headquarters
- Espoo, Finland
- Ownership
- Private
- Employees
- 1,000as of 2026
Quick Facts
About ICEYE
ICEYE is the global leader in SAR satellite operations, headquartered in Espoo, Finland, with over 1,000 employees across 10 countries including the UK, Poland, Spain, Australia, Japan, and UAE. Since launching its first satellite in 2018, ICEYE has deployed 62 satellites, with 22 launched in 2025 alone, making it the largest SAR constellation operator worldwide. The company's fourth-generation (Gen4) satellites, introduced commercially in 2025, deliver unprecedented 16 cm resolution and 400 km swath width, doubling both antenna size and radiated power compared to previous generations.
ICEYE secured major government contracts in 2025, including a €200 million deal with Poland for up to six satellites and four satellites for the Royal Netherlands Air Force. The company supports dedicated national missions for Greece's National Space Program, Poland's MikroSAR program, and BAE Systems' Azalea constellation. ICEYE was recognized as the 20th most innovative company globally by Fast Company, named to TIME Magazine's Top Greentech Companies 2025.
Products and product lines
| Product | Line | Note |
|---|---|---|
| SAR satellite constellation (Gen4) | Earth observation satellite constellation | ICEYE operates the world's largest commercial SAR constellation and, as of its June 2026 Series F announcement, is doubling annual satellite production from 50 to 100 by 2028 to meet defence and intelligence demand. |
| Flood Insights | Disaster/insurance analytics product | Satellite-based flood extent and severity intelligence sold to insurers for claims response; Sompo Japan Insurance signed on 7 September 2026 to support its 'Hikeshi DNA 2030' disaster-resilience project. |
| Dedicated national/sovereign SAR programs | Government and defence space program | ICEYE stands up country-specific entities and dedicated satellite capacity for government customers; a Netherlands entity was established 25 August 2026 to deepen support for the Royal Netherlands Air and Space Force, following similar moves in Germany, Portugal, Korea and India in mid-to-late 2026. |
| Arianespace launch partnership | Launch services partnership | Memorandum of understanding signed 9 September 2026 to explore Ariane 6 as a launch vehicle for ICEYE's European government and institutional SAR missions. |
| Series F financing round | Institutional funding | Just over EUR 1 billion raised by 9 June 2026 (EUR 450 million primary plus secondary sale), led by General Atlantic with the European Commission-backed Scaleup Europe Fund (managed by EQT) joining by 5 August 2026, valuing ICEYE at more than EUR 10 billion. |
Timeline
- 2025 ICEYE signs a roughly EUR 200 million contract with Poland's government for SAR satellites, with options for additional units. [source]
- 2025 ICEYE closes a EUR 150 million Series E round in December, led by General Catalyst. [source]
- 2026 ICEYE closes a Series F round of just over EUR 1 billion on 9 June, led by General Atlantic, valuing the company at more than EUR 10 billion; ICEYE says it crossed EUR 250 million in 2025 revenue and plans to double annual satellite production from 50 to 100 by 2028. [source]
- 2026 The European Commission's Scaleup Europe Fund, managed by EQT, joins ICEYE's Series F as a co-investor, announced 5 August, in a round framed around European sovereign space capability. [source]
- 2026 ICEYE establishes a Netherlands entity on 25 August, led by CEO Joost Elstak, to deepen its relationship with the Royal Netherlands Air and Space Force. [source]
- 2026 Sompo Japan Insurance signs a contract on 7 September to use ICEYE's Flood Insights product for faster flood-claims response. [source]
- 2026 ICEYE and Arianespace sign an MoU on 9 September to explore using the Ariane 6 launcher for ICEYE's sovereign SAR missions. [source]
Rafal Modrzewski (CEO, Co-founder)
Team
- Rafal ModrzewskiCEO and Co-founder · source
Signals
- Verification
- Verified 2026-09-10
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Frequently asked about ICEYE
Quick answers to the questions readers most often search for.
- When was ICEYE founded?
- ICEYE was founded in 2014 in Finland.
- Where is ICEYE headquartered?
- ICEYE is headquartered in Espoo, Finland.
- What does ICEYE do?
- ICEYE is the global leader in SAR satellite operations, headquartered in Espoo, Finland, with over 1,000 employees across 10 countries including the UK, Poland, Spain, Australia, Japan, and UAE. Since launching its first satellite in 2018, ICEYE has deployed 62 satellites, with 22 launched in 2025 alone, making it the …
- Is ICEYE a public or private company?
- ICEYE is a privately held company and is not listed on any stock exchange.
- What sector does ICEYE operate in?
- ICEYE works in earth observation and Radar imaging.
Sources
The structured fields on this page (founding year, location, sector, status, listing) and the profile text are drawn from the sources below. How profiles are drafted and checked is described in our methodology.
- Official website (iceye.com)
- Merged duplicate entry iceye-oy · retrieved 2026-09-05
- Wikidata / Wikipedia · retrieved 2026-09-05
- GLEIF LEI record · retrieved 2026-09-05
- ICEYE: Company/leadership page · retrieved 2026-09-10
- ICEYE Newsroom: ICEYE Leads a New Era of Sovereign Intelligence From Space With EUR1B Funding Round (9 Jun 2026) · retrieved 2026-09-10
- ICEYE Newsroom: ICEYE Secures the First Investment From European Commission's Scaleup Europe Fund (5 Aug 2026) · retrieved 2026-09-10
- ICEYE Newsroom: ICEYE Establishes Netherlands Entity, Deepening Long-Term Commitment With the Royal Netherlands Air and Space Force (25 Aug 2026) · retrieved 2026-09-10
- ICEYE Newsroom: Sompo Japan and ICEYE Partner to Accelerate Flood Claims Response Using Satellite Intelligence (7 Sep 2026) · retrieved 2026-09-10
- ICEYE Newsroom: ICEYE and Arianespace Partner to Strengthen Europe's Sovereign Access to Space (9 Sep 2026) · retrieved 2026-09-10
Data Accuracy Notice: Information about ICEYE is compiled from publicly available sources including company websites, press releases, regulatory filings, and industry reports. Data is reviewed periodically but may not reflect the most recent developments.