- Companies
- Eon
Last Eon valuation
$4B
Series D · Dec 2025
Last Eon funding round
$300M
Series D · Dec 2025
Cumulative funding Eon raised
$497M
across 5 funding rounds
Key investors in Eon
Sequoia Capital
Lightspeed Venture Partners
Greenoaks
Bond
Vine Ventures
Eight Roads Ventures
About Eon
Eon is a provider of enterprise backup and recovery software featuring automatic data mapping and classification for cloud resources. The platform focuses on backup posture management, indexing storage to prioritize critical information. Designed for businesses, it operates via cloud-based tools that enhance data efficiency and operational resilience across hybrid environments.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$4B (Dec 2025)
Eon Valuation
Eon is currently valued at $4B, based on its Series D in December 2025.
The $300M round was led by Gil Capital, with participation from Greenoaks, Swish Ventures, Vine Ventures, Sequoia Capital, Lightspeed Venture Partners and 1 other investor.
Eon's valuation has grown 5.3x from $750M at its seed round in January 2024 to $4B in December 2025, across 5 priced rounds.
Eon valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2025 | Series D | $4B |
| Nov 2024 | Series C | $1.4B |
| Oct 2024 | Series B | $750M |
| Sep 2024 | Series A | $215M |
| Jan 2024 | Seed | $750M |
Eon Funding History
Eon has raised a total of $497M across 5 funding rounds.
Eon's first fundraising round was a $20M seed round in January 2024. The most recent completed round was a $300M Series D in December 2025.
Eon funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Series D | Gil Capital (lead); Greenoaks; Swish Ventures; Vine Ventures; Sequoia Capital; Lightspeed Venture Partners; Bond | $300M | $4B | Eon is a cloud data-management and backup platform that unlocks dormant cloud backups for enterprise AI, analytics, and real-time insights by automating backups based on business policies, classifying resources, and integrating with major providers like AWS, Microsoft Azure, and Google Cloud. Founded in January 2024 with headquarters in New York and operations in Tel Aviv, Israel, Eon positions itself as the first cloud storage platform to transform passive backup data into actionable AI-ready data. On December 2, 2025, Eon raised $300 million in a Series D funding round led by Elad Gil of Gil Capital, with participation from existing investors Sequoia Capital, Lightspeed Venture Partners, Greenoaks, BOND, and new investors including Vine Ventures, Affinity, and Omri Casspi. This round tripled the company's valuation to $4 billion from $1.4 billion, bringing total funding to $500 million less than two years after launch, marking one of the largest infrastructure financings of the year. The capital will accelerate R&D, global hiring, U.S. go-to-market expansion, and deepen integrations with cloud leaders. Eon's leadership includes co-founders CEO Ofir Ehrlich, President Gonen Stein, CTO Ron Kimchi, CFO Avi Biton, and CSO Moshe Milman. Prior rounds included a Series B of $77 million at $750 million valuation in summer 2024 and $70 million at $1.4 billion in November 2024. This funding underscores strong investor confidence in Eon's growth in the cloud infrastructure space, positioning it among notable players with over 200 employees and rapid scaling trajectory. |
| Nov 2024 | Series C | Bond (lead); Greenoaks; Sequoia Capital; Lightspeed Venture Partners | $70M | $1.4B | Eon is a New York-based startup founded in January 2024 by AWS and CloudEndure veterans Ofir Ehrlich, Gonen Stein, and Ron Kimchi, developing a next-generation cloud backup platform that automates scanning, mapping, classifying, and managing cloud resources to provide instant access to backed-up data, transforming cumbersome manual processes into an autopilot solution for enterprises in sectors like retail, education, technology, and finance. The platform addresses challenges in cloud data backup, such as varying retention needs and regulatory requirements, and has filed dozens of patents in cloud storage and data management. On November 26-27, 2024, Eon raised $70 million in a Series C funding round led by BOND, with participation from existing investors Sequoia Capital, Greenoaks, and Lightspeed Venture Partners, bringing total funding to $200 million and achieving a post-money valuation of $1.4 billion—nearly double its prior $750 million valuation and marking unicorn status in under a year. Previously, Eon emerged from stealth with three earlier rounds totaling around $127-130 million: a $20 million seed led by Sequoia, a $30 million round led by Lightspeed valuing it at $215 million, and a third at $750 million. The funding will support hiring engineers, sales professionals, and marketers to scale operations, with Eon planning demonstrations at AWS re:Invent in early December 2024. Adopted by about 10 enterprises so far, Eon positions itself in the booming cloud services market projected to reach $679 billion annually by end-2024, aiming to redefine backup management amid growing enterprise needs for efficient cloud infrastructure solutions. Likened to rapid-growth peers like Wiz, Eon emphasizes complete visibility and seamless data access to make backups instrumental for business. |
| Oct 2024 | Series B | Greenoaks (lead); Quiet Ventures | $77M | $750M | Eon is a New York- and Israel-based startup founded in January 2024 by AWS veterans Ofir Ehrlich, Gonen Stein (from the CloudEndure team acquired by AWS), and Ron Kimchi (former GM of AWS Migration and Disaster Recovery Services). The company provides a next-generation cloud backup platform that automates mapping and classification of cloud resources, applies backup policies based on business and compliance needs, optimizes storage costs, and enables instant access to backed-up data, transforming manual processes into automated, searchable solutions for enterprises. Matching the query, Eon completed a $77 million Series B round in summer 2024 (around July-August), led by Greenoaks with participation from Quiet Ventures. This round valued the company at a post-money $750 million, following prior $20 million seed led by Sequoia Capital and $30 million Series A led by Lightspeed Venture Partners, bringing total funding raised out of stealth to $127 million at that $750 million valuation. The rapid fundraising pace for the young company with 36 employees across New York and Tel Aviv offices drew comparisons to Wiz due to its high-caliber team and investor interest from top VCs. Eon subsequently raised a $70 million Series C in November 2024 led by BOND (with Greenoaks, Sequoia, Lightspeed participating), reaching $1.4 billion valuation and ~$200 million total funding, achieving unicorn status in under a year. The funds supported platform scaling, enterprise adoption, and cloud infrastructure expansion amid growing data backup market needs. |
| Sep 2024 | Series A | Lightspeed Venture Partners (lead); Sheva Capital | $30M | $215M | Eon is a New York-based cloud backup platform founded in January 2024 by Ofir Ehrlich, Gonen Stein (CloudEndure founders acquired by AWS), and Ron Kimchi (former AWS GM of migration and disaster recovery). It provides cloud backup posture management (CBPM), automating backups into a unified, queryable data lake for recovery, compliance, AI, and analytics across AWS, Azure, and Google Cloud. Eon exited stealth in October 2024 with $130M initial funding from Sequoia Capital, Lightspeed Venture Partners, Greenoaks, and others. In November 2024, Eon raised $70M Series C led by BOND (with Sequoia, Greenoaks, Lightspeed), reaching $1.4B valuation and $200M total raised. The company has filed dozens of patents in cloud storage and data management, serving large customers like SoFi. By December 2025, Eon raised $300M Series D led by Elad Gil (Gil Capital), with Sequoia, Lightspeed, Greenoaks, and BOND, tripling valuation to $4B and total funding to $500M. Funds support R&D, hiring, U.S. expansion, cloud integrations, and potential acquisitions amid growing demand for data resilience post-cloud outages. Eon positions as the fastest-growing cloud infrastructure company, bridging legacy data with AI/compute needs, enabling workloads to shift providers and unify data for analytics. |
| Jan 2024 | Seed | Sequoia Capital (lead); INT3; Vine Ventures; Eight Roads Ventures; Meron Capital | $20M | $750M | Eon is an Israeli-founded cloud data management startup that automates cloud backups, providing instant access to backed-up data for AI analytics and enterprise use via its next-generation platform. Founded in January 2024 by Ofir Ehrlich, Gonen Stein (CloudEndure founders acquired by AWS), and Ron Kimchi (former AWS GM for migration and disaster recovery), the company emerged from stealth in October 2024 with initial funding. Its first round raised $20 million led by Sequoia Capital, including Eight Roads Ventures, INT3, Meron Capital, and Vine Ventures, before formal launch. A follow-on $30 million round led by Lightspeed with Sheva (Omri Casspi) brought early total to $50 million. The Series B in summer 2024 raised $77 million at a $750 million valuation. By November 2024, Eon completed a $70 million Series C led by BOND with Sequoia, Greenoaks, and Lightspeed, reaching $200 million total raised and $1.4 billion valuation. The company has filed dozens of patents in cloud storage and data management. In December 2025, Eon raised a $300 million Series D led by Elad Gil's Gil Capital, with Sequoia, Lightspeed, Greenoaks, and BOND, tripling valuation to $4 billion and total funding to $500 million. Funds support R&D, hiring, U.S. expansion, and integrations with AWS, Azure, and Google Cloud. |
Who has invested in Eon?
12 investors have backed Eon across its funding rounds, including Sequoia Capital, Lightspeed Venture Partners, Greenoaks, Bond, Vine Ventures and Eight Roads Ventures.
Lead investors include Gil Capital, Bond, Greenoaks, Lightspeed Venture Partners and Sequoia Capital.
Eon Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Oct 2024 | ||
| 3 | Lead | Jan 2024 | ||
| 3 | Lead | Sep 2024 | ||
| 2 | Participant | Jan 2024 | ||
| 2 | Lead | Nov 2024 | ||
| 1 | Lead | Dec 2025 | ||
| 1 | Participant | Dec 2025 | ||
| 1 | Participant | Oct 2024 | ||
| 1 | Participant | Jan 2024 | ||
| 1 | Participant | Sep 2024 | ||
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Start Free TrialEon Competitors
Eon competitors include listed companies like Oracle Corp Japan and Nutanix, and private ones like Aiven, Druva, Redis and WEKA.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $3B | 30.0x | ||
| Publicly listed | $1.8B | $589M | $7.7B | 3.9x | ||
| Private | $100M | - | $2B | 20.0x | ||
| Private | $35M | - | $2B | - | ||
| Private | $100M | - | $1.6B | 16.0x | ||
| Publicly listed | $2.5B | $230M | $19B | 6.2x |
Eon Public Comps
Eon is still privately-owned, but its public comps include Fastly, Xunce Technology, Digital China, Dameng Database, Sinch, Box, Sinnet Technology, Biprogy, Megaport and ChronoScale.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $624M | ($41M) | 6.4x | 5.6x | (97.1x) | 33.1x | |||
| $192M | ($15M) | 21.3x | 13.4x | (264.0x) | 415.8x | |||
| $21B | $206M | 0.3x | 0.3x | 28.1x | - | |||
| $195M | $84M | 15.3x | 12.5x | 35.5x | 27.6x | |||
| $2.8B | $313M | 1.5x | 1.4x | 13.2x | 11.1x | |||
| $1.2B | $124M | 4.5x | 4.3x | 43.0x | 13.8x | |||
| $1.1B | $72M | 3.5x | 3.6x | 51.4x | 18.4x | |||
| $2.8B | $389M | 1.1x | 1.1x | 8.2x | 7.9x | |||
This data is available for Pro users. Sign up to see all Eon competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Eon
| When was Eon founded? | Eon was founded in 2024. |
| Where is Eon headquartered? | Eon is headquartered in New York City, NY, United States. |
| Is Eon publicly listed? | No, Eon is a private, VC-backed company. |
| What is Eon's valuation? | Eon was last valued at $4B in its Series D in December 2025. |
| How much funding has Eon raised? | Eon has raised $497M across 5 funding rounds. |
| What was Eon's last funding round? | Eon's last funding round was a $300M Series D in December 2025, led by Gil Capital. |
| Who are Eon's investors? | Eon's investors include Greenoaks, Sequoia Capital, Lightspeed Venture Partners, Vine Ventures, Bond, Gil Capital, Swish Ventures, Quiet Ventures, INT3, Sheva Capital and 2 others. |
| Which companies are comparable to Eon? | Companies comparable to Eon include Aiven, Oracle Corp Japan, Druva, Redis, WEKA and Nutanix. |
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