Eon, a New York–based cloud backup platform, has raised $300 million in Series D funding, bringing its total capital raised to $500 million.
Investors
The round was led by Elad Gil of Gil Capital, with participation from returning investors Sequoia Capital, Lightspeed Venture Partners, Greenoaks, and BOND, tripling Eon’s valuation to $4 billion.
Elad Gil is the founder and CEO of Gil Capital, which operates as a multi-stage venture investment fund. Gil is a well-known entrepreneur, angel investor, and advisor who invests in startups across technology, healthcare, and artificial intelligence (AI).
Eon Use of Funds
The company will use the funding to accelerate R&D, expand global hiring, grow its U.S. presence, and deepen integrations with major cloud providers.
About Eon
Founded by Ofir Ehrlich, Gonen Stein, and Ron Kimchi, Eon specializes in autonomous cloud backup and data resilience, providing instant access to enterprises’ largest unused data source, their cloud backups, to unlock their true potential and make them immediately useful for AI and analytics. As a cloud backup posture management (CBPM) platform, Eon automates and converts complex and costly cloud backups into a unified, queryable data lake, enabling fast and easy data recovery, simplifying compliance, and powering deep analytics.
Funding Details
Company: Eon.io, Inc.
Raised: $300.0M
Round: Series D
Funding Date: December 2025
Lead Investor: Elad Gil
Additional Investors: Sequoia Capital, Lightspeed Venture Partners, Greenoaks, BOND
Company Website: https://www.eon.io/
Software Category: Cloud Infrastructure / Data Management
Source: https://www.eon.io/news-and-events/series-d-funding