The round brings Eon's total funding to $500 million since its founding less than two years ago, and increases its valuation to $4 billion, positioning it as the fastest-growing company in cloud infrastructure. The round included returning investors Sequoia Capital, Lightspeed Venture Partners, Greenoaks, and BOND.

Eon is the leader in autonomous cloud backup and data resilience, providing instant access to enterprises' largest unused data source - their cloud backups - to unlock their true potential and make them immediately useful for AI and analytics. As the first cloud backup posture management (CBPM) platform, Eon automates and converts complex and costly cloud backups into a unified, queryable data lake, enabling fast and easy data recovery, simplifying compliance, and powering deep analytics.