[Via Satellite 12-08-2015] Iceye, a Finland-based satellite startup, is designing a constellation of radar microsatellites that it anticipates will be more than 100 times less costly to produce than comparable larger spacecraft. The company recently raised $2.8 million in Series A funding to design and build a constellation of radar satellites capable of near-real-time imagery. The new resources are going directly into designing the company’s first satellite, which it hopes to have in orbit by the end of 2017.

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