The funding round extension included participation from funds managed by Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev.

HELSINKI, Dec. 18, 2024 /PRNewswire/ — ICEYE, the global leader in synthetic aperture radar (SAR) satellite operations for high-fidelity Earth Observation, persistent monitoring, and natural catastrophe solutions, today announced that it has closed a $65M extension of the company’s earlier growth funding round of $93M, announced in April 2024.

The funding round extension included participation from funds managed by Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev. The financing consists of a mix of debt and equity instruments and will increase investment in further developing ICEYE’s leading SAR satellite constellation, its intelligence, surveillance, and reconnaissance (ISR) platform, and related systems. The extension brings the total amount raised in 2024 to $158M. In total, ICEYE has raised over $500M to date.

ICEYE has achieved considerable growth during the past years and the investment announced today enables ICEYE to continue expanding its ISR capabilities to serve a global customer base while further cementing its market-leading position in the new space ecosystem.

Susan Repo, CFO at ICEYE, said, “ICEYE has experienced unwavering momentum over the past few years. This extension of our growth funding round further bolsters ICEYE’s investment in its capabilities and enables us to respond even better to the growing demand for space-based technology in the global defense and ISR markets.”

Reima Rytsölä, CEO at Solidium, said: “Extending the growth funding to support ICEYE growth is well in line with our investment strategy. Our view is that ICEYE continues to have strong potential to grow to a nationally significant company and foster a completely new technology cluster in Finland.”

Citigroup acted as the exclusive private placement agent to ICEYE.

About ICEYE

ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before.

Owning the world’s largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development.

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ICEYE operates internationally with offices in Finland, Poland, Spain, the UK, Australia, Japan, UAE, Greece, and the US. We have more than 700 employees, inspired by the shared vision of improving life on Earth by becoming the global source of truth in Earth Observation.

MEDIA CONTACT: [email protected]

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• Strategic investment from Flexpoint Ford to drive Apollo Care’s growth initiatives
• Proceeds will be used to expand Apollo Care’s innovation pipeline, enhance existing technology, and scale operations 
• Flexpoint Ford’s Jonathan Oka and Elliot Lauzen join Apollo Care’s Board of Directors

CHICAGO, Dec. 18, 2024 /PRNewswire/ — Apollo Care, a rapidly growing provider of patient access and commercial solutions to the healthcare industry, announced today the closing of a significant equity investment from Flexpoint Ford. The funding will accelerate Apollo Care’s investment in technology and innovation across its patient copay, hub solutions, data warehousing, and commercial analytics platforms.

“This is an important milestone for Apollo Care and its mission of transforming the patient experience to improve medication affordability, access, and adherence,” said Ben Bove, President, CEO, and Chairman of Apollo Care. “This investment will allow us to further enhance our technology, scale operations, and deliver even greater value to our clients.”

Flexpoint Ford is a private equity firm focused on the healthcare and financial services sectors, offering tailored and flexible capital solutions to its partner companies. The firm has approximately $8.2 billion of assets under management.

“Flexpoint’s expertise and shared vision makes them an ideal partner to support our ambitious growth plans. Together, we are excited to redefine the possibilities in delivering copay and hub services solutions to the pharmaceutical industry,” said Michael Aquilino, CFO of Apollo Care.

Under the terms of the investment, Flexpoint Ford will take a minority ownership stake in Apollo Care, and Jonathan Oka and Elliot Lauzen will join the company’s Board of Directors. The investment was made through Flexpoint Fund V.

“We are excited to partner with Ben and the team at Apollo Care,” said Jonathan Oka, Managing Director and Head of Healthcare at Flexpoint Ford. “In a few years, Apollo Care has established itself as an innovator in developing practical solutions to address some of the largest commercial challenges in the pharmaceutical industry. We look forward to working closely with the team to achieve their growth objectives.”

“Given the growing demand for differentiated patient access programs, we see meaningful opportunity ahead for Apollo Care and look forward to driving long-term strategic value,” added Elliot Lauzen, Principal at Flexpoint Ford.

About Apollo Care

Apollo Care develops and deploys patient access and analytics solutions through purpose-built technology to help pharmaceutical brands address commercial challenges. With a history of industry-first innovation, Apollo Care is rethinking outdated industry practices to deliver integrated solutions that drive growth, optimize gross-to-net costs, and improve patient outcomes. Apollo Care is based in Chicago, Illinois. For more information, visit www.apollocare.com or follow us on LinkedIn.

About Flexpoint Ford

Flexpoint Ford is a private equity investment firm that has approximately $8.2 billion of assets under management and specializes in privately negotiated investments in the healthcare and financial services industries. Since the firm’s formation in 2005, Flexpoint Ford has completed investments across a broad range of investment sizes, structures, and asset classes. Flexpoint Ford has offices in Chicago, Illinois, and New York, New York. For more information, visit: www.flexpointford.com.

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Media Contact

Molly Tabernik, Vice President, Executive Operations at Apollo Care
Email: [email protected]  

Prosek Partners on behalf of Flexpoint Ford
Email: [email protected]

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SAN JOSE, Calif., Dec. 18, 2024 /PRNewswire/ — Safe Security, a leading provider of cybersecurity risk quantification and management (CRQM) software solutions, and Booz Allen Hamilton (NYSE: BAH), today launched a next-generation Integrated Risk Management-as-a-Service (IRMaaS) suite of offerings. The offerings are designed to enable organizations to continuously monitor and manage cyber risk in the face of ever-evolving cyber threats by leveraging data-driven insights powered by cutting-edge technology and advisory services.

The collaboration combines Safe Security’s AI-powered CRQM platform – SAFE One – which operationalizes the industry-leading FAIR™ CRQ framework with the deep expertise in cybersecurity strategy, risk management, and digital transformation services of Booz Allen’s Global Commercial business. The result is an innovative set of solutions that enable business and security leaders to make objective decisions around how best to protect their organizations from cyber threats by measuring and managing risk in financial terms, based on data analytics of telemetry data and fit-for-purpose risk management frameworks (RMF).  

Key Client Benefits: 
Through this initiative, clients will benefit from a variety of data-driven services including:

• Continuous Cyber Risk Assessments: Clarity into the top cyber risks impeding cyber resilience and the technical vulnerabilities underpinning them (AI, cyber, 3^rd party, etc.)
• Cyber Program Strategy Design and Budget Optimization: Tailored strategies to prioritize and optimize cybersecurity investment strategies using metrics based on financial terms
• Regulatory Compliance and Risk Reporting: Support for clients’ boards of directors and compliance with regulations and requirements such as NYDFS, NIS-2, OSFI, PCI, SEC, etc.  
• IRM Program Transformation and Managed Services: End-to-end program design, build, and operational support
• Third Party Risk Management (TPRM): Program Advisory and Managed Services to address supplier-related risks

IRMaaS pilot programs have already demonstrated measurable success, including significant cost savings through automation and optimized cyber defense and risk management strategies.

This collaboration underscores Booz Allen’s and Safe Security’s shared commitment to empowering organizations with state-of-the-art tools and strategies for navigating the increasingly complex cybersecurity landscape. Together, they are setting a new standard for proactive risk management in the digital era.

Quotes from Leadership:
“Collaborating with Booz Allen’s Global Commercial business allows us to combine our technological innovations with their approach to cybersecurity as a business-enabling function, delivering a powerful suite of solutions to meet the complex cyber risk management demands of today,” said Saket Modi, CEO of Safe Security.

“We are excited to collaborate with Safe Security and deliver this transformative solution,” said Michael Vallone, Global Director of Cyber Risk Solutions in Booz Allen’s Global Commercial business. “Together, we are addressing the pressing need of organizations to strengthen their cybersecurity and risk management programs to improve operational resilience against emerging threats with accuracy, precision, and speed through high fidelity decision support.”

About Safe Security
Safe Security is the leader in AI-driven cyber risk management. It has redefined cyber risk measurement and management with its real-time, data-driven approach that empowers enterprise leaders, regulators, and cyber insurance carriers to understand cyber risk in an aggregated yet granular manner. The recent acquisition of RiskLens brings together the power of the world’s most advanced cyber risk analytics model (FAIR), supported by practitioners in over 50% of Fortune 500 companies, with the world’s most advanced AI-fueled Cyber Risk Cloud of Clouds, processing over three billion signals a day.

Visit safe.security and follow us at @SafeCRQ to learn more.

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