Overview

EON is a pioneering cloud backup posture management platform founded in January 2024 by Ofir Ehrlich, Gonen Stein, and Ron Kimchi—the team that built AWS Disaster Recovery and Migration Services. The company transforms cloud backups from static, inaccessible storage into a unified, queryable data lake that powers AI, analytics, and instant recovery. EON has achieved remarkable growth, reaching a $4 billion valuation in less than two years and raising $500 million across four funding rounds. The platform automatically scans, maps, and classifies cloud resources across AWS, Azure, and Google Cloud, eliminating manual processes and enabling enterprises to unlock their largest unused data source for business intelligence and machine learning applications. With strategic partnerships with Microsoft, Google Cloud, and AWS, EON is revolutionizing how enterprises protect, access, and activate their cloud data.

Products & Technology

• Cloud Backup Posture Management (CBPM): First-ever platform automating backup across multi-cloud environments.
• EON Snapshots: Unified storage tier enabling global search and instant file-level restoration.
• AI-Ready Data Lake: Converts backups into searchable, queryable assets for AI training and analytics.
• Automated Policy Management: Context-aware classification with automatic backup policy application.
• Cross-Cloud Portability: Backup and restore data across AWS, Azure, and Google Cloud seamlessly.
• Cost Optimization: 30-50% reduction in backup costs through intelligent storage management.
• Database Query Engine: Run SQL queries directly on backed-up database snapshots.

2024-2025 Highlights

• Raised $300M Series D led by Elad Gil at $4B valuation (Dec 2025).
• Became fastest company to reach $4B valuation in cloud infrastructure history.
• Announced Microsoft Fabric integration for seamless data lake connectivity.
• Launched partnership with Google Cloud to accelerate enterprise AI adoption.
• Raised $70M Series C at $1.4B valuation (Nov 2024).
• Emerged from stealth with $127M in total funding across three rounds (Oct 2024).
• Featured in AWS re:Invent 2024 with breakout session by CTO Ron Kimchi.
• Published 2025 State of Cloud Backup Report with 150+ enterprise insights.
• Expanded team to 111+ employees across New York and Tel Aviv offices.

Funding Rounds