Sequoia-Backed Eon Worth $1.4 Billion After Less Than a Year (1)

Cloud backup startup Eon Inc.has closed a new funding round that values the company at $1.4 billion less than a year after its founding — an unusually speedy trajectory to unicorn status.

BOND led the $70 million financing, which is the startup’s fourth so far this year. Existing investors also participated, including Greenoaks Capital Partners, Sequoia Capital and Lightspeed Venture Partners. The deal brings Eon’s total funding to $200 million.

Gonen Stein, from left, Ron Kimchi and Ofir Ehrlich.

Source: Eon

The startup, founded in January by a group of Amazon Web Services alumni, is aiming to make cloud backups faster and more seamless for companies. Eon ...