Full-Time
Security Officer
Classified Information
ICEYE
1,001-5,000 employees
Real-time SAR satellite data provider
No salary listed
Berlin, Germany
In Person
 Legal & Compliance (1) |
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- Deep, hands-on knowledge of the German classified information regime, including SÜG, VSA, Geheimschutzhandbuch, and the practical workings of Geheimschutzbetreuung by BMWi.
- A track record as Sicherheitsbevollmächtigter or directly equivalent inside a German defence, intelligence, aerospace, or critical-infrastructure organisation, ideally one that scaled its classification level during the candidate's tenure.
- Working fluency in NATO and EU classification frameworks, including NATO SECRET and EU SECRET, and how they interlock with German national levels.
- Credibility with German federal authorities, including experience engaging with BMWi, BfV, BSI, BAAINBw, or equivalents.
- A strong grasp of IT security accreditation paths for classified systems, including BSI Grundschutz, VS-NfD-konforme IT, and Zulassung for higher classifications.
- Fluent German and English, with the ability to brief at executive, authority, and working level.
- Define and execute the twelve-month plan to take ICEYE Germany from its current state to fully cleared operations at VS-NfD, VS-VERTRAULICH, and GEHEIM, including facility security clearance, personnel clearances, IT accreditation, and supporting operational processes.
- Act as the company's official security officer towards BMWi, BfV, BSI, BAAINBw, and other relevant authorities; lead interactions with the Geheimschutzbetreuende Stelle and represent ICEYE Germany before regulators.
- Design and implement policies, SOPs, registries, secure areas, VS-NfD-konforme IT, accreditation pathways toward higher classifications, and an audit trail for the security framework.
- Drive personnel security clearances, including Ü1, Ü2, and Ü3, across the German organisation in coordination with People Operations, candidates, and authorities.
- Translate security requirements into actionable guidance for sales, product, and engineering teams to enable bids and customer engagements.
- Lead partner and supply-chain efforts to implement an equivalent security posture, from initial assessment through certification.
- Build the security function and scale the team as workload and classification scope demand it.
- Establish audit-ready documentation, exercises, and incident-response procedures.
- Builder's mindset suited to a blank-page, fast-moving environment and accountable ownership.
- Experience in a German defence, intelligence, aerospace, or critical-infrastructure organisation that scaled its classification level during the candidate's tenure.
ICEYE builds and operates small SAR satellites to continuously monitor any location on Earth, day or night and through weather. Customers access radar imagery and analytics via direct data sales, subscriptions, or by deploying their own high-performance SAR satellites within months. SAR works by emitting radar signals and capturing reflected waves to reveal changes over time, delivering near-real-time data for disaster response, flood or wildfire assessment, and insurance claims processing. ICEYE differentiates itself with persistent, rapid deployment and flexible delivery models across government and private sectors, aiming to expand the commercial space data market and support fast, informed decision-making.
Company Size
1,001-5,000
Company Stage
Series F
Total Funding
$2.2B
Headquarters
Espoo, Finland
Founded
2012
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Simplify's Take
What believers are saying
- June 2026 Series F raised €1 billion at over €10 billion valuation.
- 2025 revenue exceeded €250 million and EBITDA topped €100 million, signaling real profitability.
- July 2026 launches added four satellites, and Transporter-16 added six more in March.
What critics are saying
- Capella, Umbra, and NRO contracts intensify price pressure in U.S. SAR procurement.
- ICEYE's defense sales depend on government budgets and treaty politics, especially Poland and Portugal.
- A launch failure or constellation loss would cripple deliveries and damage sovereign-customer trust.
What makes ICEYE unique
- ICEYE owns the world’s largest SAR constellation, delivering imagery through clouds and darkness.
- Seven governments bought sovereign systems, including Poland’s delivered MikroSAR in May 2026.
- ICEYE ships operational satellite systems in under 12 months, compressing government procurement cycles.
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Growth & Insights and Company News
6 month growth
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↓ -3%2 year growth
↓ -4%· ICEYE, headquartered in Finland since 2014, owns and operates the world's largest synthetic aperture radar satellite constellation · The funding round – which was co-led by the Scaleup Europe Fund – included €450 million of primary proceeds from Series F at a valuation exceeding €10 billion · The investment demonstrates strong early momentum for the Scaleup Europe Fund – which has a €5 billion target size – as it begins backing Europe's most promising technology companies and works to bridge the continent’s scaleup funding gap
Finland's ICEYE raises €1 billion at over €10 billion valuation to expand its radar satellite network. Finnish space-tech startup ICEYE has raised €1 billion in new financing, pushing its valuation above €10 billion as demand grows for satellite-based intelligence that can see through clouds and operate day or night. The financing includes €450 million in primary Series F proceeds and was co-led by EQT's Scaleup Europe Fund, which made ICEYE its first investment. The broader €1 billion financing marks another milestone for a company that grew out of a university research project and has since built one of the largest synthetic aperture radar satellite constellations in operation. For ICEYE, the new capital arrives as governments across Europe rethink how much of their intelligence, surveillance and Earth observation infrastructure they want to control themselves. Founded in 2014 in Espoo, Finland, by Pekka Laurila and Rafał Modrzewski after emerging from research at Aalto University, ICEYE set out to make radar-based Earth observation cheaper and more accessible using small satellites. That technology is what separates ICEYE from conventional optical satellite imagery. TechStartups first covered ICEYE in 2018 when the Finland-based synthetic aperture radar (SAR) startup raised $34 million in Series B funding led by returning investor True Ventures, with backing from Draper Network VC funds and existing investors. At the time, ICEYE was still proving that small satellites equipped with SAR technology could provide reliable Earth observation data at a fraction of the size and cost associated with traditional radar satellites. Years later, that early bet has grown into something much bigger. ICEYE now operates one of the world's largest SAR satellite constellations, provides sovereign satellite systems to seven European governments, and has raised €1 billion at a valuation exceeding €10 billion. Optical Earth observation satellites rely on reflected light and can struggle when clouds obscure the surface. Synthetic aperture radar, or SAR, uses microwave radar signals to observe the Earth, allowing satellites to collect imagery through cloud cover and in darkness. That makes SAR particularly useful for monitoring floods, maritime activity, infrastructure, natural disasters and areas where persistent observation matters. ICEYE demonstrated its approach early with a microsatellite SAR system, helping show that radar imaging capabilities once associated with much larger and more expensive satellites could be packed into smaller spacecraft. A little more than a decade after its founding, ICEYE says it now owns and operates one of the world's largest and most advanced SAR satellite constellations. From university research to sovereign intelligence. ICEYE's business has grown far beyond its early focus on commercial Earth observation and maritime applications. The company now provides end-to-end sovereign satellite systems to seven European governments. Its European operations span Finland, Poland, Spain and Greece, with newer entities established in Germany and Portugal. Poland offers a glimpse at where ICEYE sees the opportunity. The company recently delivered what it describes as a fully operational sovereign satellite capability to the country less than 12 months after the contract was signed. That shift from selling satellite imagery to providing governments with their own space-based intelligence capabilities puts ICEYE at the intersection of commercial space and national security. "Our first investment reflects exactly what the Scaleup Europe Fund was created to support: ambitious European founders building globally competitive companies in strategically important technologies. ICEYE has already established itself as a category leader, and we're excited to partner with Rafał and the team as they continue scaling from Europe to the world," Victor Englesson, Partner at EQT and Co-Head of the Scaleup Europe Fund, said. Europe wants its technology champions to stay European. The investment carries significance beyond ICEYE. EQT's Scaleup Europe Fund is targeting €5 billion and was created to address a persistent problem for European technology companies: finding enough growth capital at home once they reach the scale where funding rounds can run into hundreds of millions of euros. The fund plans to back European companies working across artificial intelligence, quantum computing, dual-use technologies, clean energy, space, biotech and medical innovation. ICEYE fits squarely into that strategy. Its technology has commercial applications, yet its growing role in sovereign intelligence gives the company strategic importance at a time when Europe is seeking greater control over critical technologies. "When Europe invests in its innovators, Europe invests in its future. This is the goal of our Scaleup Europe Fund: it will ensure our scale-ups can find what they need right here in Europe to grow into world-leading companies. To turn European innovation into our competitive edge," European Commission President Ursula von der Leyen said. For ICEYE CEO Modrzewski, the funding brings the company's story back to its European roots. "Europe has the talent, technology and ambition to build globally leading companies in strategically important industries. Our own journey reflects that. My co-founder Pekka Laurila and I met as students on an Erasmus exchange, received our first funding through Horizon 2020, and we are grateful for the European Commission's role in initiating the Scaleup Europe Fund. We are pleased to welcome EQT as a long-term partner through the fund, as we continue to expand our sovereign intelligence capabilities from Europe for customers across Europe and globally," he said. ICEYE began with an ambitious idea: put synthetic aperture radar aboard small commercial satellites and make Earth observation more accessible. Twelve years later, the company is valued at more than €10 billion, operates a massive radar satellite constellation and supplies sovereign space capabilities to European governments. The financing still requires customary regulatory approvals and other closing conditions.
Scaleup Europe Fund makes debut investment by co-leading ICEYE's €1 billion Series F round. August 5, 2026 EQT today announced that the Scaleup Europe Fund has completed its first investment by co-leading Espoo-based SpaceTech company ICEYE's recently announced €1 billion Series F funding round. The funding round included €450 million of primary investment at a valuation exceeding €10 billion. In May 2026, ICEYE announced that it has secured a €300 million 3-year committed revolving credit facility (RCF). The Scaleup Europe Fund was established by the European Commission alongside a group of European investors and managed by EQT. Ursula von der Leyen, President of the European Commission, said, "When Europe invests in its innovators, Europe invests in its future. This is the goal of our Scaleup Europe Fund: it will ensure our scale-ups can find what they need right here in Europe to grow into world-leading companies. To turn European innovation into our competitive edge." Founded in 2015, ICEYE delivers persistent monitoring capabilities to detect and respond to changes in any location on Earth. It owns the world's largest and most advanced SAR (synthetic aperture radar) satellite constellation. It delivers high-quality intelligence to its customers with low latency and quick revisit times, regardless of weather or time of day. For governments operating the company's own constellations, it offers this capability as a sovereign system. ICEYE-built constellations serve customers in defence and intelligence, environmental monitoring, insurance and emergency management. "Europe has the talent, technology and ambition to build globally leading companies in strategically important industries. Our own journey reflects that. My co-founder Pekka Laurila and I met as students on an Erasmus exchange, received our first funding through Horizon 2020, and we are grateful for the European Commission's role in initiating the Scaleup Europe Fund. We are pleased to welcome EQT as a long-term partner through the fund, as we continue to expand our sovereign intelligence capabilities from Europe for customers across Europe and globally," said Rafał Modrzewski, co-founder and CEO, ICEYE. Today's Series F follows a period of significant momentum for ICEYE. In 2025, ICEYE crossed over €250 million in revenue, and over €100 million in EBITDA, with a contracted backlog of over €1.5 billion. The company has built a strong European footprint, with significant operations in Finland, Poland, Spain and Greece, and has recently expanded further with the establishment of new European entities in Germany and Portugal. This month, ICEYE strengthened its UAE presence with the appointment of Christos Kolimenakis as Chief Executive Officer of ICEYE UAE and last month, it announced the formal establishment of ICEYE's German entity, based out of Berlin and Munich, and the appointment of Philipp Herkelmann as CEO of ICEYE Germany. In July, the company also revealed the establishment of ICEYE Portugal, the opening of a centre of excellence in Lisbon, and appointed Rui Costa as CEO of ICEYE Portugal. Last month, the SpaceTech firm also launched and deployed four new SAR satellites into orbit. Integrated via Exolaunch, the satellites lifted off on July 7, 2026, aboard the Transporter-17 rideshare mission with SpaceX from Vandenberg Space Force Base, California. In June 2026, ICEYE announced that CTI Aeroespacial, a joint venture between the Portuguese Air Force and CEiiA, signed a contract to procure two additional synthetic aperture radar (SAR) satellite systems to be operated by the Portuguese Air Force (Força Aérea Portuguesa, FAP). In June, the company also announced the appointment of Eric Jensen as global Chief Operating Officer, and that Business Finland, Finland's public innovation agency, had approved a €28.3 million continuation grant, the final tranche of a previously announced major R&D investment decision. In May 2026, the company officially handed over MikroSAR, Poland's sovereign radar satellite reconnaissance system, to the Polish Armed Forces less than 12 months after contract signing. In March 2026, ICEYE launched and deployed six new 25 cm resolution SAR satellites into orbit. The satellites were integrated by Exolaunch and successfully launched on March 30, 2026, aboard SpaceX's Transporter-16 rideshare mission from Vandenberg Space Force Base, California, USA. ICEYE operates globally with over 1,000 employees. The Scaleup Europe Fund's strategy included partnering with Europe's most promising technology companies in sectors spanning artificial intelligence, quantum computing, dual-use technologies, clean energy, space technology, BioTech and medical innovation. The fund was established to help address Europe's long-standing growth capital gap by supporting companies developing strategically important technologies and enabling them to scale globally while remaining anchored in Europe. "Our first investment reflects exactly what the Scaleup Europe Fund was created to support: ambitious European founders building globally competitive companies in strategically important technologies. ICEYE has already established itself as a category leader, and we're excited to partner with Rafał and the team as they continue scaling from Europe to the world," commented Victor Englesson, Partner at EQT and co-Head of the Scaleup Europe Fund.
Scaleup Europe Fund makes first investment, co-leading Iceye's €1BN round. The Scaleup Europe Fund co-led the round with General Atlantic. Europe's €5bn investment fund aimed at scaling up future European tech giants has disclosed that its first investment is in Finnish satellite startup Iceye. The Scaleup Europe Fund, managed by Swedish investment firm EQT, co-led Iceye's €1bn funding round, the fund said. It co-led the round with US private equity firm General Atlantic, which was announced in June this year. The Series F funding round valued the company at around €10bn. The much-trumpeted fund is the latest move by the EU to help EU challengers grow from startup to tech leaders without moving to the US. The Scaleup Europe Fund is investing in tech startups across the bloc in strategic sectors, such as AI, quantum, space and biotech. Iceye, headquartered in Finland, uses what is called synthetic aperture radar technology to capture images through cloud cover. Victor Englesson, partner at EQT and co-head of the Scaleup Europe Fund, said: "Our first investment reflects exactly what the Scaleup Europe Fund was created to support: ambitious European founders building globally competitive companies in strategically important technologies." Rafał Modrzewski, co-founder & CEO, Iceye, said: "Europe has the talent, technology and ambition to build globally leading companies in strategically important industries. Our own journey reflects that. My co-founder Pekka Laurila and I met as students on an Erasmus exchange, received our first funding through Horizon 2020, and we are grateful for the European Commission's role in initiating the Scaleup Europe Fund." Ursula von der Leyen, president of the European Commission, added: "When Europe invests in its innovators, Europe invests in its future. This is the goal of our Scaleup Europe Fund: it will ensure our scale-ups can find what they need right here in Europe to grow into world-leading companies. To turn European innovation into our competitive edge." Image: Iceye Follow the developments in the technology world. What would you like us to deliver to you?
EQT's Scaleup Europe Fund has made its first investment, participating in Finnish satellite company Iceye's funding round. Victor Englesson, a partner at EQT and fund manager, confirmed the move to Bloomberg News. The €5bn fund, established on EU initiative to support strategic technology companies, joined General Atlantic as lead investors in Iceye's June capital raise. The fund invested €300m in both newly issued and existing shares. Iceye raised €1bn in total, valuing the company at over €10bn. The surveillance satellite developer is reportedly considering a future European listing. The Scaleup Europe Fund targets European growth companies in artificial intelligence, quantum computing, and advanced technology to strengthen Europe's technological independence.