Eon, the fast-growing cloud infrastructure company turning dormant backups into live AI-ready data, has raised $300 million in Series D funding led by Elad Gil. The round brings Eon’s total funding to $500 million, less than two years after launch, and triples its valuation to $4 billion. Existing backers Sequoia Capital, Lightspeed Venture Partners, Greenoaks, and BOND also returned, alongside Affinity, Omri Casspi, Vine Ventures, and others—marking one of the largest infrastructure financings of the year.
Built by the team behind AWS Disaster Recovery and Migration services, Eon sits at the center of a massive enterprise shift: unlocking the billions of objects trapped inside cloud backups so they can be used for AI training, analytics, governance, and recovery. As enterprises race to operationalize AI across workflows, most discover that their richest, most complete data is trapped in legacy backup systems. Eon converts that static, inaccessible data from AWS, Microsoft Azure, and Google Cloud into a live, browsable, searchable, and queryable data lake accessible through a single pane of glass.
Eon’s momentum follows explosive customer demand. The platform automates ingestion from cloud sources, reduces compliance risk, accelerates data preparation workflows by over 90% for some customers, and cuts backup costs by 30% to 50% by shifting data from primary storage to Eon’s secondary storage layer with full object-storage API access. Enterprises use Eon to unify data across multi-cloud environments, convert backups into active business assets, and eliminate manual toil around access, governance, and resilience.
With the new capital, Eon will accelerate R&D, expand global hiring, scale U.S. go-to-market operations, and deepen its integrations with major cloud providers. The company is investing further in partnerships with AWS, Microsoft Azure, Google Cloud, and other infrastructure leaders. Eon’s leadership includes CEO and Co-Founder Ofir Ehrlich, President and Co-Founder Gonen Stein, CTO and Co-Founder Ron Kimchi, CFO Avi Biton, and CSO Moshe Milman.
KEY QUOTES
“Eon has built a foundation for the future that makes AI and broader enterprise intelligence possible. We hear from customers that they are solving for two critical challenges: first, storing enterprise data efficiently and compliantly to minimize risk, and second, transforming the data goldmine they’re sitting on into active fuel for their business and AI strategies.”
Ofir Ehrlich, Co-Founder and CEO, Eon
“Before Eon, accessing critical data meant dealing with tickets, manual snapshots, and waiting an entire day. It was a complex and costly process, an operational bottleneck preventing growth within the cloud. Now, our data is instantly accessible in a self-service format. It’s eliminated manual toil around access and usability, accelerating our data preparation time by over 90%. We’ve experienced firsthand how Eon is shaping data resilience from passive insurance to an active, measurable engine for speed and self-service.”
CJ Keefe, Director of Corporate Infrastructure, DevOps, and SRE at SoFi
“Eon is building one of the most important layers of the modern enterprise stack. Data is the most valuable, invisible asset on every company’s balance sheet. Companies will sink or swim based on their ability to access, analyze, and build on their data, and Eon’s momentum comes from making that possible in a new way.”
Elad Gil, Lead Investor
