Israeli Cloud Backup Startup Eon Reaches $1 Billion Unicorn Valuation

Eon, an Israeli startup that offers a “next-generation cloud backup solution,” has hit the coveted “Unicorn” status – a valuation for a startup of $1 billion or more. Israeli business publication Calcalist got the scoop, reporting that the firm hit a $1 billion valuation just six weeks after it first emerged from stealth at the start of October.

Cloud Backup Posture Management is a critical aspect of ensuring data security and resilience in cloud environments. It involves assessing, monitoring, and optimizing an organization’s backup strategies to protect against data loss, breaches, and other risks. By implementing a comprehensive cloud backup posture management strategy, organizations can protect their valuable data, ensure business continuity, and mitigate risks associated with cloud environments.

Eon was founded by Ofir Ehrlich, Gonen Stein, and Ron Kimchi, the team behind CloudEndure, which was acquired by Amazon in 2019, where they built and led the Disaster Recovery and Cloud Migration services at AWS. Their experience working with the biggest companies revealed a glaring hole in the cloud infrastructure backup and recovery market, leading to the creation of Eon.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

“Eon has reimagined what backups can be for enterprises by introducing a new era of cloud backup storage and management,” said Ofir Ehrlich, Co-Founder and CEO of Eon when the company came out of stealth last month. “We are fortunate to have supportive funding partners who deeply understand the value of unlocking cloud backups to be truly automated, globally searchable, portable, and useful.”

Eon autonomously scans, maps, and classifies cloud resources continuously, providing backup recommendations based on business and compliance needs, and ensuring the appropriate backup policy is in use. Existing solutions rely on snapshots, which are non-searchable black boxes, that require full restores, and are vendor-locked. In contrast, Eon’s next-generation backup storage is fully managed, portable, and provides global search capabilities. This enables customers to find and restore individual files and run SQL queries on backed-up database snapshots seamlessly, without any resource provisioning.