Eon: $300 Million At $4 Billion Valuation Raised To Unlock Backup Data As The Next Big Frontier For Enterprise AI
By Amit Chowdhry ● Dec 2, 2025
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.