Helsinki, Finland - March 4, 2025 - ICEYE, the global leader in Synthetic Aperture Radar (SAR) satellite operations, is proud to announce that it has been recognized for the second consecutive year in the annual FT1000: Europe’s Fastest Growing Companies ranking. ICEYE was placed among the 200 fastest-growing companies in Europe based on the aggregated revenue growth of the previous three fiscal years. The placement showcases ICEYE’s considerable and rapid growth over the past years, driven by its groundbreaking innovations in SAR technology, its use applications, and the continued expansion of the world’s largest commercial SAR satellite constellation.
“It is a true honor for ICEYE to be recognized by the Financial Times as one of Europe's fastest-growing companies for the second consecutive year, reflecting our momentum and growth during the past years. We are further expanding our capabilities to serve a global customer base and to meet the increasing demand for space-based defense technology. ICEYE aims to become the primary provider of critical infrastructure for intelligence, surveillance, and reconnaissance (ISR) to allied nations,” said Pekka Laurila, Chief Strategy Officer and Co-founder of ICEYE.
ICEYE's growth is fueled by strategic partnerships and significant advancements in satellite technology, enabling governmental and commercial Earth observation initiatives in areas such as defense, intelligence, security, and maritime monitoring. ICEYE's technology has also proven essential in responding to environmental changes, including damage from natural disasters, and providing critical data for sectors such as disaster response, recovery, insurance, and finance.
The FT1000: Europe’s Fastest Growing Companies ranking is a list of 1,000 companies in Europe with the highest compound annual growth rate (CAGR) in revenue, over the period of 2020 and 2023. The ranking is compiled by research company Statista and it is based on verified financial information of the companies.