Cloud Backup Firm Eon Secures $70M, Reaches $1.4B Valuation




📅 - Eon, a next-generation cloud backup platform, has raised $70 million in a Series C funding round led by BOND, with continued support from Sequoia Capital, Greenoaks, and Lightspeed Venture Partners. The new funding brings Eons valuation to $1.4 billion, further solidifying its position as a leader in transforming enterprise data backup management.

Since its inception in January 2024, Eon has secured $200 million in total funding and filed multiple patents for its innovative data management and cloud storage solutions.

With global annual cloud spending projected to hit $679 billion by the end of 2024, businesses are increasingly reliant on cloud services for operations and compliance. [...][... Check source for end of article ...]
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