Investors press Eon to raise money at $2.5b valuation

Three months after the last financing round, investors press the Israeli cloud reserve company Eon To start an another financing round that would raise the company's evaluation to $ 2.5 billion, the sources informed “balls”.

Over the past year, the Tel Aviv company has become a seat by Israeli technology investors through an exceptional speed and vision of its evaluation from 215 million dollars to $ 1.4 billion, as it raised 200 million dollars, according to the Pitchbook team, in three financing rounds, including $ 70 million at the end of November 2024. The service has successfully attracted many Amazon customers. They raised the company's new revenues at a rate, and it justified its increasing rapid assessment.

Later on its former investors including Sequoia Capital, eight roads, Fine projects, serial investor Tele Kalisky, Omri Casbi, Lightspeed Ventures, Greenoaks, and Meron Capital. The last financing round in November 2024 was led by Bond Capital, a San Francisco's investment capital fund, which was established by Jay Simons, the former head of the Athlsian software giant, and has $ 3 billion under management.

With the help of ransom attacks

The company is not currently collecting the money, but the sources surrounding the company do not rule out a financing round later this year.

Eon has grown due to the huge increase in Ransomware attacks sabotaging the large amount of information companies in many databases and assets. Big companies store most of their data in cloud services such as AWS, Microsoft Azure and Google Cloud, with some information spread between external applications and final devices. Eon can copy all this organizational information with each change that is done, so that if an attack is there, the information can be completely restored. – A cloud giants service like Amazon and Microsoft does not know how to provide a very popular Eon service over the past year. The company has 55 employees and plans to double its size by the end of the year.

There was no comment on this report from Eon.

It was published by Globes, Israel Business News – En.globes.co.il – on March 4, 2025.

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