Eon Raises $70 million Layout C Led by means of BOND, bringing its overall investment to $200 million, to serve immediate get admission to to backed-up cloud knowledge via its next-generation platform
NEW YORK, Nov. 26, 2024 /PRNewswire/ — Eon, the next-generation cloud alternative platform, introduced these days that it has raised a $70 million Layout C investment spherical led by means of BOND, rising its valuation to $1.4 billion. A number of go back traders joined the spherical, together with Sequoia Capital, Greenoaks, and Lightspeed Undertaking Companions. Eon’s booklet cloud alternative posture control platform transforms knowledge backups from a guide and bulky procedure right into a easy and automatic resolution, enabling enterprises to liberate the real doable in their backed-up knowledge. Based in January 2024, Eon has already filed dozens of patents for cloud depot and knowledge control applied sciences and raised $200 million in investment.
Corporations are spending greater than ever within the cloud, with the worldwide annual spend anticipated to succeed in $679 billion by means of the top of 2024. Enterprises from each trade make investments thousands and thousands of bucks a occasion on cloud backups for each trade and compliance wishes. Regardless of its significance, cloud alternative operations stay a problem, and these days, backups deal negligible tangible get advantages or worth. Requiring error-prone guide paintings, firms steadily in finding themselves below or over-backed up. Even if subsidized up correctly, backups stay tricky to get admission to, watch over, and operationalize, retirement enterprises in dangerous positions.
Eon is the primary alternative platform for the time of cloud infrastructure. By means of making a pristine tier of depot, it permits immediate get admission to to backed-up knowledge, which till now has been a “black box.” Eon’s platform removes guide alternative duties by means of autonomously scanning, mapping, and classifying cloud assets. At its core, Eon permits enterprises to in spite of everything keep an eye on and make the most of their backups, providing complete visibility and seamless get admission to to knowledge every time wanted.
“Sometimes, an innovation arrives that doesn’t just improve processes—it completely redefines them. From our first meeting with Eon’s founders, we knew they were onto something that would reshape the enterprise landscape,” stated Jay Simons, Spouse at BOND. “Eon is setting a bold new benchmark for how companies operate, and we’re excited to support them in driving this transformation forward.”
Based by means of Ofir Ehrlich and Gonen Stein, of the CloudEndure inauguration staff (received by means of Amazon Internet Services and products in 2019), and Ron Kimchi, former normal supervisor of AWS migration and emergency fix services and products, Eon launched in October with $130 million in investment. With the pristine investment from BOND, Eon has now raised $200 million in below a occasion from Sequoia Capital, Lightspeed Undertaking Companions, Greenoaks, and dozens of trade leaders.
“With Eon we set out to put an end to backup challenges for enterprises by providing instant access to all backed-up cloud data. This fundamentally changes the essence of backups by making them instrumental to businesses for the first time,” stated Ofir Ehrlich, Co-Founder and CEO of Eon. “During our conversations with Jay and the BOND team it became clear how valuable they would be as a partner to Eon as we work to reinvent cloud backup management. BOND’s track record of investing in industry-defining companies speaks for itself, and we are excited to have them join us”.
Eon can be attending AWS re:Invent in Las Vegas from December 2nd – 6th with CTO Ron Kimchi talking at a breakout session. Along Chris Rogers, Senior Supervisor of Storagefacility Answers Architects at AWS, they’re going to provide a consultation that may discover complex functions for cloud alternative and fix.
About Eon
Eon’s undertaking is to serve immediate get admission to to all backed-up cloud knowledge, via a next-generation platform – unlocking backups’ true doable. By means of introducing the primary alternative autopilot for the time of cloud infrastructure, Eon brings cloud alternative posture control (CBPM) to enterprises and transforms conventional, hard-to-use cloud backups into helpful, easy-to-manage belongings. Based in 2024 by means of Ofir Ehrlich and Gonen Stein, of the CloudEndure inauguration staff (received by means of Amazon), at the side of Ron Kimchi, former GM of AWS Migration and Catastrophe Fix Services and products, Eon is subsidized by means of important mission capital companies together with BOND, Sequoia, Greenoaks, and Lightspeed, in addition to dozens of trade leaders. For more info and to be informed extra, please discuss with https://www.eon.io/.
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Josh Schaefer
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SOURCE Eon
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