ICEYE
Persistent, all-weather satellite earth observation for catastrophe intelligence and insurance risk assessment
Overview
ICEYE is a satellite data and earth observation platform serving insurers, reinsurers, government agencies, and financial institutions. Founded in 2014, the company operates a synthetic aperture radar (SAR) satellite constellation, with 54 operational satellites as of early 2026. SAR technology enables imaging through cloud cover and darkness, making it particularly valuable for natural catastrophe monitoring and damage assessment in insurance workflows.
The platform provides on-demand satellite tasking, near-real-time flood and wildfire monitoring, and processed intelligence derivatives delivered via a RESTful API. Insurance and reinsurance customers use ICEYE data for pre-event risk quantification, post-event damage assessment, and claims processing. Products are integrated with major reinsurance management platforms and catastrophe modeling systems.
ICEYE has raised USD 991 million across 17 funding rounds, reaching a USD 2.8 billion valuation following its Series E in December 2025. The company reports revenues exceeding USD 250 million with USD 100+ million in annual profitability. Customers include AXA, Swiss Re, Munich Re, and more than 40 major reinsurers and government agencies globally.
Products & Services
SAR Satellite Data Platform
High-resolution synthetic aperture radar imagery with sub-25cm resolution delivered through multiple imaging modes. Supports on-demand satellite tasking and persistent monitoring with daily revisit rates over areas of interest.
Key Features
- 54-satellite constellation with global coverage
- Multiple imaging modes (Spot, Strip, Scan)
- RESTful API for programmatic data access and tasking
- Near-real-time delivery with tactical access options
Target Users: Insurers, reinsurers, government agencies, defense contractors
Insurance Solutions
Flood, hurricane, and wildfire monitoring applications specifically designed for insurance claims processing and risk quantification. Integrated with major reinsurance platforms to streamline post-event assessment workflows.
Key Features
- Flood extent and damage mapping for claims triage
- Hurricane and tropical storm impact tracking
- Wildfire perimeter and structure damage assessment
- Integration with reinsurance management systems
Target Users: P&C carriers, reinsurers, catastrophe modelers
Mission Systems (Government & Defense)
Intelligence, surveillance, and reconnaissance platforms for government and defense customers, including Gen 4, ISR Cell, Connect, and Federate products for federated fleet operations.
Key Features
- Space-based ISR capabilities for national security missions
- Federated fleet operations and interoperability
- Secure data handling for classified environments
- Joint venture satellite manufacturing with Rheinmetall AG
Target Users: Defense ministries, government agencies, military organizations
Banking & Credit Risk Solutions
Flood impact monitoring services providing property-level exposure data to reduce credit risk in mortgage and lending portfolios.
Key Features
- Property-level flood exposure assessment
- Portfolio-level monitoring for financial institutions
- API integration with banking risk systems
Target Users: Banks, mortgage lenders, financial institutions
At a Glance
- Founded
- 2014
- Headquarters
- Espoo, Finland
- Employees
- 1000+
- Funding
- Series C+
Category & Focus
- Category
- Data & Analytics
- Subcategories
- Catastrophe Intelligence Satellite Data Risk Assessment Claims Data
- Insurance Verticals
- P&C Commercial Reinsurance Specialty/E&S
- Target Customers
- Carriers, Reinsurers, MGAs/MGUs, Brokers
Customers
- AXA (extreme weather tracking and catastrophe intelligence)
- Swiss Re (natural catastrophe risk assessment)
- Munich Re (flood risk intelligence, 2025)
- Juniper Re (catastrophe intelligence)
- Risk Management Partners (global natural catastrophe solutions)
- Lee County Emergency Management (hurricane damage assessment)
- Severn Trent (UK flood and infrastructure monitoring)
- Swedish Armed Forces (ISR capabilities)
- Ukraine Ministry of Defence (expanded defense partnership)
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Last updated: 2026-05-11