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- Eon Secures $70M Series C, Valued at $1.4B for Cloud Backup Innovation
Eon Secures $70M Series C, Valued at $1.4B for Cloud Backup Innovation
Slice of Technology Team
November 27, 2024
Key Highlights:
Eon raised $70M in Series C funding led by BOND, valuing the company at $1.4B.
Return investors include Sequoia Capital, Greenoaks, and Lightspeed Venture Partners.
Eon’s platform automates cloud backups, providing instant access to stored data.
The company has filed dozens of patents since its founding in 2024.
Eon will present at AWS re:Invent, featuring advanced cloud backup solutions.
Source: Business Wire
Notable Quotes:
"Sometimes, an innovation arrives that doesn't just improve processes—it completely redefines them. From our first meeting with Eon's founders, we knew they were onto something that would reshape the enterprise landscape."
"With Eon, we set out to put an end to backup challenges for enterprises by providing instant access to all backed-up cloud data. This fundamentally changes the essence of backups by making them instrumental to businesses for the first time."
Our Take:
Eon’s rapid growth and innovation in cloud backup management are reshaping how enterprises approach data storage. By automating processes and offering instant access, Eon turns backups into active, strategic assets rather than dormant data. The investment from BOND and others underscores Eon’s potential to lead the industry into a new era of cloud infrastructure. Their participation in AWS re:Invent further solidifies their position as a forward-thinking player in this space.
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