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Venture Capital News: Eon Inks $70M Series C at $1.4B Valuation

2024-11-26
NEW YORK, NY, Eon, the next-generation cloud backup platform, announced today that it has raised a $70 million Series C funding round led by BOND, growing its valuation to $1.4 billion.
Several return investors joined the round, including Sequoia Capital, Greenoaks, and Lightspeed Venture Partners. Eon's novel cloud backup posture management platform transforms data backups from a manual and cumbersome process into a simple and automated solution, enabling enterprises to unlock the true potential of their backed-up data. Founded in January 2024, Eon has already filed dozens of patents for cloud storage and data management technologies and raised $200 million in funding.

Eon's mission is to provide instant access to all backed-up cloud data, through a next-generation platform - unlocking backups' true potential. By introducing the first backup autopilot for the age of cloud infrastructure, Eon brings cloud backup posture management (CBPM) to enterprises and transforms traditional, hard-to-use cloud backups into useful, easy-to-manage assets.
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