ICEYE

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ICEYE Ltd. (natively ICEYE Oy) is a Finnish microsatellite manufacturer and operator. ICEYE was founded in 2014 and is now the world's largest synthetic aperture imaging radar constellation. Its first important innovation was miniaturising synthetic aperture imaging radar satellites to below 100 kg to image through clouds and in darkness. Founded by Rafał Modrzewski and Pekka Laurila, the company is originally a spin-off of Aalto University's University Radio Technology Department, and is based in Espoo. The CEO and chairman of the board of ICEYE is Rafał Modrzewski. It has offices globally (Finland, Poland, Spain, Greece, the UK, and the US) and over 900 employees. In September 2024, the company reported 2023 revenues of $100M and expanded its funding to $503M. The company raised a further €150M in December 2025. In 2026, the company raised €450 million at €10 billion valuation.