# ICEYE

**Source:** https://geo.sig.ai/brands/iceye  
**Vertical:** Aerospace & Defense  
**Subcategory:** Satellite Imaging / Earth Observation  
**Tier:** Challenger  
**Website:** iceye.com  
**Last Updated:** 2026-04-14

## Summary

World's largest SAR satellite constellation. 2025 revenue EUR250M+ with EUR100M+ profit. Valued at EUR2.4B. EUR1.7B German defense contract. Founded 2014, Finland.

## Company Overview

ICEYE is a Finnish synthetic aperture radar (SAR) satellite company founded in 2014 by Rafal Modrzewski and Pekka Laurila as an Aalto University spin-off, headquartered in Espoo, Finland. It operates the world's largest commercial SAR constellation, imaging Earth through clouds and darkness. Key innovation: miniaturizing SAR satellites to under 100 kg for rapid revisit times.

ICEYE serves defense, intelligence, insurance, natural catastrophe response, and maritime monitoring. Its largest contract is the EUR1.7B SPOCK 1 deal with the German Bundeswehr (December 2025), a joint venture with Rheinmetall for NATO defense satellite constellation. Over 700 employees across Finland, Poland, Spain, UK, and US.

Unaudited 2025 revenues exceeded EUR250M (doubling 2024), with EUR100M+ profitability and EUR1.5B backlog. In December 2025, raised EUR150M led by General Catalyst at EUR2.4B ($2.8B) valuation. Total capital exceeds EUR600M. Targeting EUR1B annual revenue by 2027.

## Frequently Asked Questions

### What does ICEYE do?
Operates the world's largest commercial SAR satellite constellation for all-weather, day-and-night Earth observation, serving defense, intelligence, insurance, and maritime sectors.

### What is ICEYE's largest contract?
EUR1.7B SPOCK 1 deal with Germany's Bundeswehr (Dec 2025), a joint venture with Rheinmetall for a NATO defense satellite constellation.

### What is ICEYE's revenue and valuation?
2025 revenues exceeded EUR250M with EUR100M+ profit. Valued at EUR2.4B ($2.8B). Total capital raised exceeds EUR600M.

### Where is ICEYE headquartered?
Espoo, Finland, founded in 2014 as an Aalto University spin-off. Offices in Poland, Spain, UK, and US.

### How many satellites does ICEYE operate?
The world's largest SAR constellation, scaling production to 50 satellites/year by April 2026, targeting 100/year. Goal: EUR1B annual revenue by 2027.

### What is ICEYE and what satellite technology does it use?
ICEYE is a Finnish Earth observation company that operates a constellation of small SAR (Synthetic Aperture Radar) satellites. Unlike optical satellites that require daylight and clear skies, SAR satellites can image Earth's surface through clouds, rain, smoke, and in complete darkness, making ICEYE's data uniquely valuable for monitoring events in adverse weather conditions.

### What types of customers and use cases does ICEYE serve?
ICEYE serves government agencies, defense and intelligence organizations, insurance companies, and humanitarian organizations. Key use cases include disaster response (flooding, wildfires, earthquakes), maritime monitoring, infrastructure monitoring, and defense reconnaissance where persistent and weather-independent imagery is critical for timely decision-making.

### How does ICEYE's persistent monitoring capability work?
ICEYE's growing SAR satellite constellation allows it to collect imagery of the same location multiple times per day, enabling persistent monitoring of areas of interest. This frequent revisit capability is critical for applications like flood mapping (where conditions change rapidly), construction monitoring, and military situational awareness where a single daily image is insufficient.

## Tags

hardware, manufacturing, b2b

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*