Official announcements from Eon or major financial news outlets

Eon Raises $127M, Achieves $750M Valuation to Simplify Cloud Data Backups

Oct 1, 2024, 12:35 PM

Eon, a cloud backup startup founded in January 2024, has emerged from stealth mode, raising a total of $127 million to simplify access to cloud data backups. The funding includes a $20 million seed round led by Sequoia, a $30 million Series A, and a $77 million Series B, resulting in a valuation of $750 million. Eon aims to address the challenges of traditional cloud backups, such as manual steps, high costs, limited flexibility, and lack of data context, by providing a cloud-native backup solution.