Qatar Investment Authority invests in ICEYE funding round
Qatar Investment Authority participated in a funding round for the European company "ICI," amounting to 1 billion euros ($1.2 billion), which elevated the company's valuation to 10 billion euros. The goal of the investment is to support the company's global expansion and enhance its capacity to meet the increasing demand for high-precision satellite data by doubling satellite production from 50 to 100 satellites by 2028, with the involvement of prominent international investors. This reflects the Authority's approach to supporting high-growth and innovative technology companies.
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