Satellite Imaging Startup ICEYE Raises $136 Million to Keep a Close Eye on Earth

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

ICEYE
Image courtesy of ICEYE
The sky is not the limit for ICEYE, a Finland-based satellite radar imaging startup that set up its U.S headquarters in Irvine last year. On Thursday, the company announced a $136 million Series D funding round that will help expand its constellation of space satellites and further develop its technology.

The funding brings ICEYE’S total capital raised to $304 million, it said in a press release. Seraphim Space, a London-based venture capital firm that focuses on space-tech companies, led the round and was joined by new investors BAE Systems and Kajima Ventures, among others.

ICEYE—which operates a constellation of radar satellites that capture images of Earth from space—said the new funding will be used to grow its “natural catastrophe” solutions offering, which helps its clients track and respond to natural disasters. The company also plans to invest in artificial intelligence and machine learning capabilities and is looking to expand on the 16 satellites it currently has in orbit.

The startup’s customers include energy giant ExxonMobil and the European Space Agency, according to its website. Last month, ICEYE received a government contract from the U.S. National Reconnaissance Office.

ICEYE set up shop in Irvine last year with its new U.S. headquarters and manufacturing facility. (The company designs, manufactures and operates its satellites in-house.) “Like other aerospace hubs around the country, Southern California has a rich space legacy, a tremendous talent pool and an excellent base of suppliers and partners,” Deepak Grover, vice president of operations for ICEYE US, said at the time.

Subscribe to our newsletter to catch every headline.

Why Women’s Purchasing Power Is a Huge Advantage for Female-Led Leagues

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Why Women’s Purchasing Power Is a Huge Advantage for Female-Led Leagues
Samson Amore

According to a Forbes report last April, both the viewership and dollars behind women’s sports at a collegiate and professional level are growing.

Read moreShow less
https://twitter.com/samsonamore
samsonamore@dot.la
LA Tech Week Day 5: Social Highlights
Evan Xie

L.A. Tech Week has brought venture capitalists, founders and entrepreneurs from around the world to the California coast. With so many tech nerds in one place, it's easy to laugh, joke and reminisce about the future of tech in SoCal.

Here's what people are saying about the fifth day of L.A. Tech Week on social:

Read moreShow less

LA Tech Week: How These Six Greentech Startups Are Tackling Major Climate Issues

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

LA Tech Week: How These Six Greentech Startups Are Tackling Major Climate Issues
Samson Amore

At Lowercarbon Capital’s LA Tech Week event Thursday, the synergy between the region’s aerospace industry and greentech startups was clear.

The event sponsored by Lowercarbon, Climate Draft (and the defunct Silicon Valley Bank’s Climate Technology & Sustainability team) brought together a handful of local startups in Hawthorne not far from LAX, and many of the companies shared DNA with arguably the region’s most famous tech resident: SpaceX.

Read moreShow less
https://twitter.com/samsonamore
samsonamore@dot.la
RELATEDEDITOR'S PICKS
Trending