Radar satellite operator/builder Iceye closes $93M funding round, says 2023 revenue surpassed $100M

by Peter B. de Selding

PARIS — Synthetic-aperture radar (SAR) satellite operator and manufacturer Iceye Oy of Finland reported more than $100 million in revenue in 2023 and on April 17 closed a $93-million financing round that brought total funding to $438 million.

Iceye has become one of the standout performers in Europe’s NewSpace sector. The company has launched 34 satellites since 2018 and plans to deploy another 15 this year.

The first three of the satellites to launch in 2014 were orbited in March. Two of them were built by Iceye . . .

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