Luxembourg, 2 April 2021. – The Earth monitoring start-up ICEYE signed contracts totalling € 42 million last year for radar satellite imaging services, solutions, and satellite missions, the company said – ten times more than in the previous year.
Ten new satellite missions are planned for 2021 to meet the growing customer demand for data, the company based in Helsinki, Finland, said, increasing its original forecast. The next launch is planned for mid-2021, including a next-generation satellite with new and innovative capabilities.
“With these new launches, ICEYE strengthens its delivery of best-in-class persistent monitoring services for its customers,” the company said.
The contracts totalling €42 million were signed with customers in governments and in the commercial sector serving several vertical markets, ICEYE said.
The company recently announced a partnership with the global reinsurer Swiss Re, enabling it “to generate fast and accurate portfolio and event-level loss numbers for the industry”.
ICEYE sees itself as „a pioneer in creating solutions relevant for natural catastrophe response with satellite imaging augmented with third-party data and real-time flood analysis”.