Israeli cloud backup co Eon raises $77m

Israeli cloud backup answer developer Eon has introduced its launch from stealth, and the completion of a $77 million Sequence B financing spherical led by Greenoaks with participation from Quiet Ventures.

Since its founding in January 2024 by CEO Ofir Ehrlich, Gonen Stein, and Ron Kimchi, Eon has secured three rounds of funding: a $20 million seed spherical led by Sequoia Capital with participation from Vine Ventures, Meron Capital, and Eight Roads, a $30 million Sequence A spherical led by Lightspeed Enterprise Companions and participation from Sheva, with the newest spherical bringing the entire quantity raised to $127 million.

Amazon confirms CloudEndure acquisition

Eon has developed a backup autopilot for cloud infrastructures, which screens cloud useful resource sprawl and brings cloud backup posture administration (CBPM) to enterprises. The corporate replaces legacy backup instruments and generic snapshots, reworking backups into helpful, easy-to-manage property.

Eon’s founders beforehand established CloudEndure, which was acquired by Amazon in 2019 for $250 million, and so they constructed and led the catastrophe restoration and cloud migration companies at AWS. Their expertise working with the most important firms revealed a obvious gap within the cloud infrastructure backup and restoration market, resulting in the creation of Eon.

Ehrlich stated, “Eon has reimagined what backups will be for enterprises by introducing a brand new period of cloud backup storage and administration. We’re lucky to have supportive funding companions who deeply perceive the worth of unlocking cloud backups to be actually automated, globally searchable, moveable, and helpful”.

Eon autonomously scans, maps, and classifies cloud sources constantly, offering backup suggestions primarily based on enterprise and compliance wants, and guaranteeing the suitable backup coverage is in use. Present options depend on snapshots, that are non-searchable black containers, which require full restores, and are vendor-locked. In distinction, Eon’s next-generation backup storage is absolutely managed, moveable, and supplies world search capabilities. This allows clients to seek out and restore particular person information and run SQL queries on backed-up database snapshots seamlessly, with none useful resource provisioning.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on October 1, 2024.