ICEYE Oy

ICEYE, founded in 2014 by Rafał Modrzewski and Pekka Laurila, is a Finnish aerospace and defense company headquartered in Espoo, Finland, with over 1,000 employees globally. The company's core business involves designing, manufacturing, and operating synthetic aperture radar (SAR) satellites to provide persistent Earth observation imaging, independent of weather conditions, darkness, or cloud cover. Its mission is to enable better decision-making by delivering timely and reliable Earth observation data and continuous monitoring capabilities to detect and respond to changes across the globe.

ICEYE operates the world's largest and most advanced SAR satellite constellation, offering SAR data, satellite systems, and solutions. Key products include tasking, imagery, and monitoring products such as flood mapping and maritime detection. The company serves a diverse range of market segments, including governments, defense and intelligence agencies, insurers, industrial users, and emergency management, focusing on national security, disaster response, and environmental monitoring.

Led by Co-founder and CEO Rafał Modrzewski, ICEYE has established itself as a leading provider of sovereign intelligence from space. In June 2026, the company raised over EUR 1 billion in a Series F funding round, valuing it at over EUR 10 billion. ICEYE reported over EUR 250 million in revenue and over EUR 100 million in EBITDA in 2025, with a contracted backlog exceeding EUR 1.5 billion. The company is rapidly expanding its production, aiming to double its output from 50 satellites per year to 100 annually by 2028, and has secured significant contracts with governments, including Germany and Poland, for sovereign satellite systems, with its systems having been validated in conflict, supporting armed forces in Ukraine.