Eon, a next-generation cloud backup solution, is emerging from stealth, having raised a total of $127 million in funding in its efforts to replace legacy backup tools and generic snapshots, transforming backups into useful, easy-to-manage assets.
The first backup autopilot for the age of cloud infrastructure, Eon monitors cloud resource sprawl and brings cloud backup posture management (CBPM) to enterprises, according to the company.
Eon was 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.
Their experience working with the biggest companies revealed a glaring hole in the cloud infrastructure backup and recovery market, leading to the creation of Eon, the company said.
Since its founding in January 2024, Eon has secured three rounds of funding; a $20 million Seed led by Sequoia Capital with participation from Vine Ventures, Meron Capital, and Eight Roads, a $30 million Series A led by Lightspeed Venture Partners and participation from Sheva, and a $77 million Series B led by Greenoaks with participation from Quiet Ventures.
According to the vendor, current backup management methods require time-consuming, manual data classification and tagging processes, agents and appliances, face mounting prohibitive costs, and ultimately produce backups that are not accessible.
"Eon has reimagined what backups can be for enterprises by introducing a new era of cloud backup storage and management," said Ehrlich, Co-Founder and CEO of Eon. "We are fortunate to have supportive funding partners who deeply understand the value of unlocking cloud backups to be truly automated, globally searchable, portable, and useful".
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 rely on 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.
For more information about this news, visit www.eon.io.