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Data Center News > Blog > Investments > Eon Raises $70M in Series C; Valued at $1.4 Billion
Investments

Eon Raises $70M in Series C; Valued at $1.4 Billion

Last updated: December 2, 2024 4:27 am
Published December 2, 2024
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Eon, a NYC-based supplier of a cloud backup platform, raised $70M in Sequence C funding, at $1.4 Billion valuation.

The spherical was led by BOND, with participation from Sequoia Capital, Greenoaks, and Lightspeed Enterprise Companions.

The corporate intends to make use of the funds to broaden operations and its enterprise attain.

Based by Ofir Ehrlich and Gonen Stein, of the CloudEndure founding staff (acquired by Amazon Internet Companies in 2019), and Ron Kimchi, former common supervisor of AWS migration and catastrophe restoration providers, Eon brings cloud backup posture administration (CBPM) to enterprises and transforms conventional, hard-to-use cloud backups into helpful, easy-to-manage property. It provides a backup platform for the age of cloud infrastructure. By creating a brand new tier of storage, it permits prompt entry to backed-up information, and eliminates handbook backup duties by autonomously scanning, mapping, and classifying cloud assets.

Eon permits enterprises to lastly management and make the most of their backups, providing full visibility and seamless entry to information at any time when wanted. 

FinSMEs

28/11/2024

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See also  DFI expands its COM Express Compact series with an MTH968 embedded system module
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