Eon has raised a total of $197 million over multiple funding rounds, achieving unicorn status in November 2024. Headquartered in New York City, the company provides a cloud-based platform for automated backup and data protection. Its platform automatically maps and classifies cloud resources, applies backup policies based on business and compliance requirements, and optimizes storage costs. Eon empowers enterprises to ensure reliable, secure, and compliant data backup while reducing operational complexity and improving IT efficiency.
Keep reading to explore Eon’s funding history, key investors, and what’s next for this enterprise storage innovator.
What Is Eon and What Does It Do?
Founded in 2024 and headquartered in New York City, United States, Eon develops enterprise storage and IT operations solutions. The platform automates backup, data classification, and policy application, ensuring critical business data is properly stored and protected. Eon’s technology provides real-time mapping of cloud resources, cost optimization, and compliance adherence, helping organizations streamline backup processes, reduce risks, and improve operational efficiency. The solution is designed for enterprises seeking scalable, intelligent, and automated data protection.
How Much Funding Has Eon Raised?
- Seed & Series A-B
- Amount Raised: $127M
- Date: 2024
- Motivation: Platform development, cloud automation, and initial enterprise deployment.
- Series C
- Amount Raised: $70M
- Date: November 26, 2024
- Lead Investors: Bond Capital, Greenoaks
- Motivation: Achieve unicorn valuation, scale the platform, and expand enterprise adoption.
Total Funding Raised: $197M
Latest Funding Date: November 26, 2024
Key Investors
- Bond Capital
- Details: Venture capital firm investing in high-growth technology startups.
- Investment Focus Areas: Cloud infrastructure, enterprise SaaS, and data solutions.
- Notable Investments: Enterprise software and automation platforms.
- Greenoaks
- Details: Venture capital firm focused on global technology growth.
- Investment Focus Areas: Enterprise IT, cloud infrastructure, and SaaS solutions.
- Notable Investments: High-growth technology companies.
Where Is Eon’s Headquarters?
Eon is headquartered in New York City, United States, providing access to top IT and cloud infrastructure talent, strategic investors, and enterprise clients.
What’s Next for Eon?
Following its unicorn milestone, Eon plans to expand its automated backup and data protection platform, enhance cloud resource mapping, and grow adoption among enterprise customers. The company aims to deliver intelligent, secure, and cost-efficient data management solutions for global organizations.
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