The ICEYE team originated from the university nanosatellite group Aalto-1. There was a joint course organized by the Aalto Business School and the Stanford University Technology Ventures program, which called for technical teams to join. The course took place during the spring term of 2012. The team had to become experts in every piece of design and implementation of Synthetic-Aperture Radar - learning by doing was a defining characteristic of the team from early on. The first prototypes in hardware development can look pretty crude, but it turns out that there are no shortcuts.
ICEYE-X1 is ICEYE's first proof-of-concept microsatellite mission with a SAR sensor as its payload. It was launched on January 12th, 2018, on ISRO’s PSLV-C40 rocket from Satish Dhawan Space Center in India. ICEYE-X1 is also the world's first SAR satellite in this size (under 100kg), enabling radar imaging of the Earth through clouds and even in total darkness. The satellite is the very first Finnish commercial satellite.
A-round of $13M in funding, including an $8.5M financing round ICEYE’s Series B funding round of $34M includes financial backing from previous investors True Ventures, Draper Nexus, Draper Associates, Seraphim Capital and Space Angels. The funding round is joined by new ICEYE investors OTB, Tesi, Draper Esprit and Promus Ventures. To date, ICEYE has raised a total of $53M, including government financing from Finland and the EU’s Horizon 2020 program.
The ICEYE-X2 satellite was delivered into orbit via Spaceflight’s SSO-A: SmallSat Express mission aboard a SpaceX Falcon 9 rocket on December 3rd, 2018, from Vandenberg Air Force Base, California. The launch represents ICEYE’s second satellite successfully placed into orbit within one year and made history as first ever Finnish-Polish satellite.
Timelines as short as 15 minutes from image acquisition to processed SAR image delivery was achieved thanks to partnership between ICEYE and KSAT and their joint offering of full SAR Ground Segment services to ICEYE SAR satellite constellation customers.
ICEYE released world-first under 1-meter resolution radar imagery from SAR microsatellites. ICEYE’s newly developed Spotlight imaging mode enables under 1-meter radar imaging from the company’s satellites.
ICEYE’s two newest SAR satellites, launched in July 2019, have finished their initial commissioning, and have been added to ICEYE’s commercial SAR constellation. The company now provides standardized commercial imaging access to three of its SAR satellite units, in addition to serving a number of customers with custom data products and solutions.
ICEYE announced that its recently developed Spotlight imaging mode, which enables 1-meter radar imaging from the company’s satellite constellation, is now commercially available to its customers around the world.