Tech Company Financing Transactions
Iceye Funding Round
Iceye closed a $34 million Series B funding round on 5/25/2018. Backers included True Ventures, Draper Associates and Draper Esprit.
Transaction Overview
Company Name
Announced On
5/25/2018
Transaction Type
Venture Equity
Amount
$34,000,000
Round
Series B
Investors
True Ventures (Lead Investor) (Rohit Sharma)
Proceeds Purpose
The company will use the new capital to expand its custom analytics services for its growing customer base, further develop its SAR satellite technology, as well as fund additional launches of ICEYE SAR satellites.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
Undisclosed
Otaniemi Espoo, 02150
Finland
Otaniemi Espoo, 02150
Finland
Phone
Undisclosed
Website
Email Address
Overview
The ICEYE system is unique because we do not rely on traditional optical imaging technology. Unlike camera technology, our radar is not limited by the same requirements -- it's capable of viewing through cloud cover, bad weather, and darkness, providing unlimited access wherever it's needed.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rafal Modrzewski
Chief Scientific Officer
Pekka Laurila
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