ICEYE is well known to Ukrainians: in August 2022, a satellite from the Finnish company was purchased after a fundraising campaign by Serhii Prytula and his foundation. Nicknamed the «people’s satellite,» it was transferred to Ukraine’s GUR (Defense Intelligence) for reconnaissance and target acquisition. Later, the GUR received another ICEYE satellite, this time funded by the German government.

Now, ICEYE has secured a fresh round of investment, $11 million from Poland. The funds will be directed toward R&D and expanding production capacity, the company announced.

The investment came from Vinci, a fund managed by Poland’s state development bank, Bank Gospodarstwa Krajowego (BGK).

«By signing the agreement with ICEYE through Vinci, BGK is implementing its 2025–2030 strategy, which includes supporting innovative Polish technologies. ICEYE’s solutions are a strong example of dual-use technology. The satellites provide intelligence not only for defense but also for agriculture and crisis management,» said Mirosław Czekaj, President of BGK.

• ICEYE operates the world’s largest constellation of radar surveillance satellites, providing global access to images with up to 25 cm resolution. This enables precise detection of objects in any weather conditions, day or night.
• Since 2018, the company has launched 54 satellites for both its own constellation and external customers. Starting this year, ICEYE plans to deploy about 20 new satellites annually. In May, it signed an agreement with the Polish Ministry of Defense to deliver three radar satellites as part of the MikpoSAR program.

Although Finnish engineers founded ICEYE, much of its infrastructure today is based in Poland. Its Warsaw office hosts the Satellite Operations Center, which manages the company’s global constellation.

Warsaw is also home to ICEYE’s research and development center, where critical satellite components are designed and manufactured, including orientation control systems, communications equipment, radar controls, and power systems.