Given the unprecedented frequency and scale of climate changes, crop patterns, fires, urban living, and human activities, there is a critical immediate need for real-time information and data access on a global scale. This access can be used for saving lives during humanitarian and disaster response situations, and for economic decision making during moments of crisis. This is where Finnish spacetech startup ICEYE comes into play, and it just raised €74M.
Satellite imaging to save lives
Founded in 2015 in Finland, SpaceTech startup ICEYE is building and operating its own commercial constellation of radar imaging satellites, with Synthetic-aperture radar (SAR) data already available to customers. According to NASA, SAR is a type of active data collection where a sensor produces its own energy and then records the amount of that energy reflected back after interacting with the Earth.