Just a year after achieving unicorn status — and less than two years after its founding — Israeli cloud-backup company Eon has raised $300 million at a valuation of $4 billion.

The funding round, first revealed by Calcalist two weeks ago, marks the company’s fifth raise in under two years, bringing total investment to $500 million since 2024.

Elad Gil Leads Round; Top-Tier Funds Participate

Sequoia, Greenoaks, BOND, Lightspeed, Affinity Partners Among Returning Investors

The latest round was led by prominent entrepreneur and investor Elad Gil, with participation from all of Eon’s existing backers. These include:

• Sequoia Capital

• Greenoaks

• BOND

• Lightspeed

• Affinity Partners

• Vine

• QUIET Ventures

• Eight Roads

• Meron Capital

• Omri Caspi

The consistent participation of top-tier funds underscores Eon’s rapid rise and growing credibility in the global cloud infrastructure market.

Founded by Former AWS Engineers

Israel-Based R&D; New York-Based Business Operations

Eon was founded by Ofir Erlich, Ron Kimchi, and Gonen Stein — all former senior employees at Amazon Web Services (AWS).

• Erlich and Kimchi are based in Israel and lead the company’s large development center.

• Stein oversees Eon’s business operations from New York.

The company specializes in cloud backup solutions for enterprises and large organizations, addressing one of the fastest-growing needs in corporate IT: secure, scalable, and resilient data protection.