Eon

Eon Raises $300 million in Series D

Eon has successfully raised $300 million in a Series D at a $4 billion valuation led by Elad Gil of Gil Capital.

Company Overview

Eon is a Cloud Infrastructure company headquartered in Tel Aviv Israel, founded in 2023 with 200+ employees.

Eon turns dormant backup data from both IaaS and PaaS services into a live browsable searchable and queryable foundation for AI training and analytics unlocking new business value. The platform allows companies to back up and recover public cloud files promising up to 50% savings on storage costs.

Fundraising Details

• Amount Raised: $300 million
• Round Type: Series D
• Valuation: $4 billion valuation
• Date: 2025-12-02
• Investors: Elad Gil of Gil Capital and Sequoia Capital and Lightspeed Venture Partners and Greenoaks and BOND

About Eon

Eon turns dormant backup data from both IaaS and PaaS services into a live browsable searchable and queryable foundation for AI training and analytics unlocking new business value. The platform allows companies to back up and recover public cloud files promising up to 50% savings on storage costs. The company is positioned in the Cloud Infrastructure sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Tel Aviv Israel
• Founded: 2023
• Team Size: 200+
• Industry: Cloud Infrastructure

What This Means

This funding round demonstrates strong investor confidence in Eon's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cloud Infrastructure sector continues to attract significant investment as companies innovate to meet evolving market demands. Eon's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching $4 billion valuation marks an important milestone for Eon, positioning the company among notable players in the Cloud Infrastructure industry.

Looking Ahead

With this new capital, Eon is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cloud Infrastructure space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-12-02. For more information about Eon, visit their headquarters at Tel Aviv Israel.