Eon is a category-defining cloud infrastructure company dedicated to transforming dormant corporate assets into live, AI-ready data. The company pioneers an innovative approach that effectively unlocks and operationalizes vast quantities of underutilized backup and storage data, making it instantly available for advanced machine learning and generative AI workloads.
Eon has raised $300 million in Series D funding, bringing its valuation to $4 billion. The round was led by Elad Gil, with participation from Sequoia Capital, Lightspeed Venture Partners, Greenoaks, BOND, Affinity, Omri Casspi, Vine Ventures, and others.
Eon, headquartered in New York, New York, United States, was founded in 2024 by Ofir Ehrlich, Gonen Stein, and Ron Kimchi. In November 2024, the company joined the unicorn club. “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,” said Eon co-founder and CEO Ofir Ehrlich.
