What is ICEYE?
ICEYE delivers unparalleled persistent monitoring capabilities for any location on Earth. Leveraging the world's largest synthetic-aperture radar (SAR) constellation, the company empowers customers across insurance, natural catastrophe response, security, maritime monitoring, and finance with objective, data-driven insights. ICEYE's SAR technology allows for data collection irrespective of time of day or cloud cover, providing a critical advantage in a variety of applications.
How much funding has ICEYE raised?
ICEYE has raised a total of $593M across 10 funding rounds:
Series A
$2.8M
Private Equity
$13M
Other Financing Round
$1.2M
Series B
$34M
Series C
$87M
Series D
$136M
Series E
$93M
Other Financing Round
$65M
Other Financing Round
$11M
Unspecified
$150M
Series A (2015): $2.8M with participation from Lifeline Ventures, True Ventures, and Founder.org
Private Equity (2017): $13M led by Draper Nexus Venture Partners, Lifeline Ventures, True Ventures, Draper Associates, and Space Angels
Other Financing Round (2017): $1.2M supported by Seraphim Capital
Series B (2018): $34M featuring True Ventures and Draper Network VC
Series C (2020): $87M backed by OTB Ventures and True Ventures
Series D (2022): $136M with participation from Kajima Ventures, BAE Systems, and Seraphim Space
Series E (2024): $93M, investors not publicly disclosed
Other Financing Round (2024): $65M supported by Plio, Solidium, and BlackRock
Other Financing Round (2025): $11M featuring Nefi
Unspecified (2025): $150M backed by AP Moller Group, General Catalyst, and Bpifrance
Key Investors in ICEYE
True Ventures
True Ventures is a venture capital firm that partners with creative teams at the earliest stages, providing capital and guidance to help build enduring technology and artificial intelligence driven companies.
Seraphim Capital
Seraphim Capital LLP operates in the Aerospace & Defense industry, focusing on innovative companies within the space sector.
BAE Systems
BAE Systems is a global defense, aerospace, and security company providing advanced technologies and services to government and commercial customers worldwide.
What's next for ICEYE?
The substantial enterprise-level capital infusion, including the recent strategic investment, positions ICEYE for accelerated expansion and technological advancement. This backing is expected to fuel further development of its SAR constellation, enhance data processing capabilities, and broaden its market reach. The company's focus on providing actionable intelligence from space indicates a strategic move towards solidifying its dominance in the Earth observation sector, enabling more sophisticated decision-making for its global clientele.
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