TC: Finnish startup Iceye raises 13M USD for new microsatellite radar constellation

Iceye eka

Finnish Iceye is launching a constellation of microsatellites with the aim of helping provide a view from space where traditional imaging cannot, with images delivered within a few hours using a technology that is typically very expensive and difficult to deploy. Iceye provides global Earth observation data for clients ranging from shipping companies to agriculture and more institutional bodies from disaster relief to climate scientists. The company uses synthetic-aperture radar (SAR) to observe Earth even through clouds and in darkness, and it’s gearing up to launch its first three SAR-equipped microsatellites within the next year.

Iceye raised $13 million in new funding to help develop and build its microsatellite constellation, including an $8.5 million round led by Draper Nexus, with participation from True Ventures, Lifeline Ventures, Space Angels, Draper Associates and Tekes, the Finnish Funding Agency for Innovation. In total, Iceye raised $18.7 million since its founding in 2015.

Read the whole article here (TechCrunch)

Read more on Iceye here (Team Finland)

Image: Iceye