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Data Center News > Blog > Investments > ICEYE Closes $65M Extension to Existing Growth Round
Investments

ICEYE Closes $65M Extension to Existing Growth Round

Last updated: December 19, 2024 4:53 am
Published December 19, 2024
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ICEYE, a Helsinki, Finland-based firm which makes a speciality of artificial aperture radar (SAR) satellite tv for pc operations for high-fidelity Earth Commentary, persistent monitoring, and pure disaster options, raised $65M extension to current development spherical.

Backers included Solidium Oy, BlackRock, Seraphim, Plio Restricted, and Christo Georgiev.

The corporate intends to make use of the funds to extend funding in additional growing its SAR satellite tv for pc constellation, its intelligence, surveillance, and reconnaissance (ISR) platform, and associated techniques.

The extension introduced the overall quantity raised in 2024 to $158M. In whole, ICEYE has raised over $500M thus far.

ICEYE delivers persistent monitoring capabilities to detect and reply to adjustments in any location on Earth, sooner and extra precisely than ever earlier than. Proudly owning an artificial aperture radar (SAR) satellite tv for pc constellation, the corporate gives goal, close to real-time insights, making certain that prospects have entry to actionable information, day or night time, even in difficult environmental circumstances. As a used accomplice to governments and business industries, the corporate delivers intelligence in sectors equivalent to insurance coverage, pure disaster response and restoration, safety, maritime monitoring, and finance, enabling decision-making that contributes to neighborhood resilience and sustainable improvement.

ICEYE operates internationally with places of work in Finland, Poland, Spain, the UK, Australia, Japan, UAE, Greece, and the US. The corporate has greater than 700 workers.

FinSMEs

18/12/2024

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See also  Vive Crop Protection Secures Series C Extension Funding
TAGGED: 65M, Closes, Existing, Extension, Growth, ICEYE
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