ICEYE raised $34 million in a Series B investment round, bringing the Finnish company’s total funding to $53 million, ICEYE announced May 24.
Startups backed primarily by private venture capital have announced plans to launch dozens of small SAR satellites within a decade to take advantage of the miniaturization of electronics.
In January, ICEYE proved it could operate a synthetic aperture radar on a microsatellite. Now the company is preparing to launch a constellation.
Iceye, the Finnish company flying a Synthetic Aperture Radar (SAR) microsatellite, forged an alliance with Ursa Space Systems, a firm that offers economic insights from geospatial data.
Although Iceye is best known for plans to gather Synthetic Aperture Radar (SAR) data with microsatellites, “Iceye has done and continues to do aerial SAR imagery as one of our services,” said Iceye CEO Rafal Modrzewski.
The U.S. Defense Innovation Unit Experimental (DIUx), a Pentagon team charged with finding cutting-edge technologies to solve pressing national security problems, is not likely to abandon efforts to obtain radar data and analysis from commercial firms in spite of a recent setback.
Ursa Space Systems, a geospatial data and analytics company, is using synthetic aperture radar (SAR) imagery to monitor flooding along the Texas Gulf Coast caused by Hurricane Harvey.
Finnish company Iceye announced Aug. 23 that it has raised $13 million to further development of a constellation of synthetic aperture radar (SAR) cubesats.
An unnamed backer of Canadian Earth observation company UrtheCast’s proposed radar and optical satellite constellation has asked for UrtheCast to develop a standalone radar satellite ahead of the rest of its constellation.