Both companies will work together to develop new insurance products and services. Tokio Marine’s investment forms part of the wider Series D funding round during which ICEYE raised $136M.

HELSINKI, Finland, February 8, 2022 (ICEYE PR) – ICEYE,a world-leading synthetic aperture radar (SAR) data provider and expert in NatCat solutions, today announced that Tokio Marine Holdings (Tokio Marine) has made a strategic investment in the company as it looks to develop new insurance products and services that utilize satellite data. The announcement is part of ICEYE’s Series D funding round which was led by Seraphim Space and raised a total of $136M.

As part of the new alliance between the two companies, ICEYE and Tokio Marine will collaborate on a series of initiatives designed to facilitate the digital transformation of insurance claims capabilities and develop new insurance products and services to address the increasing frequency and severity of natural catastrophes and the growing impact of climate change.