Key facts
- ICEYE raised over €1 billion in a Series F funding round, valuing the company at more than €10 billion.
- Nokia is a new strategic investor in ICEYE.
- The partnership aims to combine Nokia's connectivity with ICEYE's satellite intelligence for defense.
- ICEYE operates the world's largest and most advanced SAR satellite constellation.
- Seven European governments have procured sovereign satellite systems from ICEYE.
- ICEYE delivered a sovereign space system to the Polish Armed Forces in 12 months.
ICEYE, a company specializing in space-based intelligence, has secured over €1 billion in a Series F funding round, achieving a valuation exceeding €10 billion. The round was led by General Atlantic and included strategic investment from Nokia, alongside other global investors such as Qatar Investment Authority. This significant funding will enable ICEYE to expand its global footprint and enhance its intelligence capabilities.
Nokia's participation as a strategic investor signals a collaboration aimed at combining Nokia's trusted connectivity solutions with ICEYE's synthetic aperture radar (SAR) satellite constellation. The partnership intends to advance Europe's defense, resilience, and technological sovereignty by providing real-time visibility and intelligence to defense organizations.
ICEYE operates the world's largest and most advanced SAR satellite constellation, delivering continuous monitoring for defense and intelligence agencies. The company has already supplied sovereign satellite systems to seven governments across Europe and recently delivered a fully operational system to the Polish Armed Forces within 12 months. The company reported over €250 million in revenue and more than €100 million in EBITDA in 2025, with a contracted backlog exceeding €1.5 billion.