Eon emerges from stealth with $127M to bring a fresh approach to back up cloud infrastructure

Quick Summary:

A team of founders who sold their last company to Amazon to build a new business within AWS is setting out to reinvent the tricky business of backing up an organization’s cloud infrastructure.

But as Ofir Ehrlich, the CEO of Eon, describes it, what passed for backup in those days has not translated well enough to the architecture of the modern cloud environment because the need has become more complex.

Specifically, Eon — which was founded in Israel and New York only in January 2024 — has raised a Sequoia-led $20 million Seed (with Vine Ventures, Meron Capital, and Eight Roads participating; a Lightspeed Venture Partners-led $30 million Series A (Sheva participating too); and a Greenoaks-led $77 million Series B (Quiet Ventures also participating).

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets: United StatesIndiaIsrael

Topics: Cloud infrastructure market Backup Fundraising Enterprise Cloud Security Eon

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 12:29:57 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1359 words

Reading Time: 8 minutes read

Sentences: 55 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22837598

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