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EON secures $10.75M in Seed funding, co-led by General Catalyst and Andreessen Horowitz, to develop a satellite-based data transportation network.

PRIVATEAug 05, 20264 days ago

Amount Raised

$10.8 Million

Round Type

Seed

New YorkInformation Technology

Investors

Upfront VenturesXyz Venture CapitalMain ObjectAndreessen HorowitzGeneral Catalyst

Description

EON, a U.S. startup, aims to revolutionize intercontinental data transmission with a satellite-based solution. The company emerged from stealth after raising $10.75 million in a Seed round co-led by General Catalyst and Andreessen Horowitz. EON's innovative approach seeks to provide faster and more reliable data transfer to hyperscalers, telecom operators, and AI labs

Company Information

Company

Eon

Location

New York, New York, United States

About

Eon is changing the cloud data backup space by introducing a new storage tier that turns backups into live strategic assets — seamlessly automated, radically cost-efficient, and instantly usable for AI and analytics. Backed by Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital and BOND Capital, among other prominent investors, Eon is led by the team that founded CloudEndure (Cloud Disaster Recovery and Migration startup, acquired by AWS), and built two native AWS services: AWS Elastic Disaster Recovery, and AWS Application Migration Service, supporting the world's largest enterprises.

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