DOHA, Qatar – June 9, 2026 : QIA today announced its participation in the €1 billion ($1.2 billion) Series F funding round of sovereign intelligence company ICEYE, at a valuation of over €10 billion (over $12 billion).
The new funding will support ICEYE’s global footprint efforts and expand the company’s intelligence capabilities to meet growing demand from governments across Europe, the Middle East and Asia.
The Series F fundraise comprised of a €450 million ($520 million) primary placement and was led by General Atlantic. In addition to QIA, the round attracted interest from other global investors, including Solidium, Tesi, Varma, Ilmarinen, Lifeline Ventures, Nokia, and TCV. Together with a secondary placement, the total Series F funding reached €1 billion ($1.2 billion).
ICEYE is the leading global provider of space-based intelligence, with seven European governments to date having procured sovereign satellite systems from the company. The Series F round follows a period of exceptional momentum for ICEYE, which generated over €250 million in revenue in 2025, with a contracted backlog of €1.5 billion. In response to growing demand, ICEYE is doubling production from 50 satellites annually today to a target of 100 by 2028, supported by a matching launch cadence.
QIA’s investment reflects its continued focus on backing high-growth, technology-enabled businesses that enhance national security and global resilience, including the future of space-based intelligence and defense technology.
About ICEYE
ICEYE is the world leader in sovereign intelligence from space, delivering continuous monitoring capabilities to detect and respond to changes in any location on Earth. ICEYE owns the world’s largest and most advanced SAR (synthetic aperture radar) satellite constellation. To customers, ICEYE provides intelligence with unmatched quality, latency and revisit times, in any weather, day or night. To governments who choose to operate their own constellation, this proven capability is provided as a sovereign system. ICEYE-built constellations serve customers in defence and intelligence, environmental monitoring, insurance and emergency management, enabling fast decisions that contribute to a safer future. Natively European, founded in Finland. ICEYE operates globally with over 1,000 employees.