Eon, a NYC-based cloud backup solution provider, announced its launch from stealth, having raised a total of $127m in funding.
Since its founding in January 2024, Eon has secured three rounds of funding;
- a $20m Seed led by Sequoia Capital with participation from Vine Ventures, Meron Capital, and Eight Roads,
- a $30m Series A led by Lightspeed Venture Partners and participation from Sheva, and
- a $77m Series B led by Greenoaks with participation from Quiet Ventures.
Founded by Ofir Ehrlich, Gonen Stein, and Ron Kimchi, the team behind CloudEndure, which was acquired by Amazon in 2019, where they built and led the Disaster Recovery and Cloud Migration services at AWS, Eon autonomously scans, maps, and classifies cloud resources continuously, providing backup recommendations based on business and compliance needs, and ensuring the appropriate backup policy is in use. Existing solutions use snapshots, which are non-searchable black boxes, that require full restores, and are vendor-locked. In contrast, Eon’s next-generation backup storage is fully managed, portable, and provides global search capabilities. This enables customers to find and restore individual files and run SQL queries on backed-up database snapshots seamlessly, without any resource provisioning.
FinSMEs
01/10/2024