Eon, a NYC-based provider of a cloud backup platform, raised $70M in Series C funding, at $1.4 Billion valuation.
The round was led by BOND, with participation from Sequoia Capital, Greenoaks, and Lightspeed Venture Partners.
The company intends to use the funds to expand operations and its business reach.
Founded by Ofir Ehrlich and Gonen Stein, of the CloudEndure founding team (acquired by Amazon Web Services in 2019), and Ron Kimchi, former general manager of AWS migration and disaster recovery services, Eon brings cloud backup posture management (CBPM) to enterprises and transforms traditional, hard-to-use cloud backups into useful, easy-to-manage assets. It offers a backup platform for the age of cloud infrastructure. By creating a new tier of storage, it enables instant access to backed-up data, and eliminates manual backup tasks by autonomously scanning, mapping, and classifying cloud resources.
Eon allows enterprises to finally control and utilize their backups, offering full visibility and seamless access to data whenever needed.
FinSMEs
28/11/2024