Israeli startup EON is raising several hundred million dollars at a valuation of $4 billion, marking a significant milestone less than two years after its founding. The company, established in early 2024 by Ofir Ehrlich, Ron Kimchi, and Gonen Stein, has quickly become one of Israel's fastest-growing tech firms, achieving unicorn status just a year ago and now completing its fifth funding round.

EON specializes in developing cloud backup solutions for enterprises, attracting investment from leading global venture capital firms and notable figures. The founders, all alumni of Amazon Web Services, bring extensive experience in cloud technology and business operations, with Ehrlich and Kimchi leading research and development from Israel and Stein managing business activities from New York.

The rapid rise of EON is drawing comparisons to other successful Israeli startups, highlighting the country's dynamic tech ecosystem and the founders' proven track record in cloud migration and backup solutions.