Investing

ICEYE raises $136 million to develop satellite-catastrophe products

0


CEO Rafal Modrzewski inspects some of the company’s satellite hardware.

ICEYE

Finnish satellite-imagery venture ICEYE has raised $136 million in new funds, the company announced on Thursday, as it looks to add to its spacecraft fleet in orbit and further develop its product line in natural catastrophe detection.

The latest round of venture capital fundraising, led by U.K. fund Seraphim Space, brings the total to $304 million since ICEYE’s founding seven years ago.

“This financing has really been built around the further growth of the natural catastrophe product line,” ICEYE CEO co-founder and CEO Rafal Modrzewski told CNBC, adding that “flood monitoring is really the prime product right now…



Source cnbc.com

0 0 votes
Article Rating

Ken Griffin’s Citadel fund gains nearly 5% during January’s tech rout

Previous article

American Dream megamall nearly empties its reserves to make a bond payment

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Investing