ICEYE
- hard tech
- horizon europe
- sustainable development goals
- climate tech
- space tech
- spinout
- esa
- esa sme
- space upstream
- space downstream
- blue economy
- nordic rising star 2022
- dual-use tech
- smart cities
- climate adaptation
- insurtech related
- satellites
- nature fintech
- earth observation satellites
- space dt
- space tech for environment
- climate risk
- space tech for security and safety
- space tech for maritime
- space tech for finance
- parametric insurance
- top 50 nordic rising star 2022 finland
- oil spills
Financials
Estimates*
EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | <1m | 1.4m | 6.8m | 27.1m | 43.8m | 49.5m |
% growth | - | 76 % | 370 % | 300 % | 62 % | 13 % |
EBITDA | (6.6m) | (12.2m) | (15.0m) | - | - | - |
% EBITDA margin | (809 %) | (851 %) | (221 %) | - | - | - |
Profit | (7.0m) | (17.4m) | (24.3m) | (30.3m) | - | - |
% profit margin | (852 %) | (1206 %) | (359 %) | (112 %) | - | - |
R&D budget | <1m | 2.0m | - | - | - | - |
R&D % of revenue | 110 % | 139 % | - | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
€2.4m | Grant | ||
$2.8m | Series A | ||
* | $13.0m | Series A | |
$1.2m | Early VC | ||
* | $34.0m | Series B | |
€10.0m | Debt | ||
N/A | Grant | ||
* | $87.0m | Series C | |
* | £19.0m | Late VC | |
* | $136m | Series D | |
* | $93.0m | Series D | |
Total Funding | €359m |
Related Content
Recent News about ICEYE
EditICEYE is a pioneering startup in the space technology sector, specializing in the development and deployment of small, agile radar satellites. These satellites are designed to provide persistent monitoring of any location on Earth, regardless of the time of day or weather conditions. This capability is particularly useful for detecting changes in the environment, such as those caused by natural disasters.
ICEYE's clients range from government agencies to private companies, all of whom require accurate, real-time data to make informed decisions. For instance, emergency response teams can use ICEYE's data to assess the impact of floods or wildfires and plan their response accordingly. Similarly, insurance companies can use this data to identify affected structures and expedite claims processing.
The company operates in the rapidly growing new space market, which is characterized by the increasing commercialization of space technology. ICEYE's business model is based on selling access to its satellite data, either through direct sales or via subscription services. The company also offers clients the opportunity to own their own high-performance SAR (Synthetic Aperture Radar) satellites, which can be deployed in space within months, not years.
In summary, ICEYE is a new space startup that leverages cutting-edge satellite technology to provide real-time, accurate data on any location on Earth. This data is invaluable for a wide range of applications, from disaster response to insurance claims processing.
Keywords: Satellite Technology, Real-Time Data, Natural Disaster Response, Insurance Claims Processing, Synthetic Aperture Radar, Persistent Monitoring, New Space Market, Commercial Space Technology, Change Detection, Agile Radar Satellites.