Finnish startup ICEYE, which has been constructing out and working a constellation of Artificial-Aperture Radar (SAR) small satellites, has raised an $87 million Collection C spherical of financing. This spherical of funding was led by present investor True Ventures, and contains participation by OTB Ventures, and it brings the overall funding for ICEYE to $152 million since its founding in 2014.
ICEYE has already launched a complete of 5 SAR satellites, and can be launching an addition 4 later this yr, with a plan so as to add eight extra all through 2021. Its SAR satellites have been the primary ever small satellites with SAR imaging capabilities, and it designed and constructed the spacecraft in-house. SAR imaging is modern as a result of it makes use of comparatively small precise bodily antennas, mixed with quick movement throughout a focused imaging space, to create a a lot bigger artificial aperture than the bodily aperture of the radar antenna itself – which in flip means it’s able to producing very high-resolution, two- and three-dimensional pictures of areas and objects.
ICEYE has been in a position to rack up numerous achievements, together with record-setting 0.25 meter decision for a small SAR satellite tv for pc, and document turnaround time when it comes to seize knowledge supply, reaching solely 5 minutes from when knowledge begins its downlink connection to floor stations, to truly having processed pictures out there for patrons to make use of on their very own programs.
The aim of this funding is to proceed and velocity up the expansion of the ICEYE satellite tv for pc constellation, in addition to offering round the clock customer support operations internationally. ICEYE additionally hopes to arrange U.S.-based manufacturing operations for future spacecraft.
SAR, together with different sorts of Earth imaging, have really grown in demand throughout the ongoing COVID-19 disaster – particularly when offered by corporations centered on delivering them through decrease price, small satellite tv for pc operations. That’s partially on account of their capacity to offer companies that complement inspection and monitoring work that might’ve been finished beforehand in individual, or dealt with through costly operations together with plane statement or tasked geosynchronous satellites.
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