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Since the earliest days of computing, enterprises have used backups to keep their business-critical information protected. A successfully established cloud backup posture ensures the organization goes untouched during unforeseen events like natural disasters or system failure. However, even after multifold growth in the scale and complexity of enterprise tech stacks, the approach to setting up these backups has largely remained the same: static and error-prone.
To fix this, Eon, an Israel and New York-based startup founded by a team of ex-AWS engineers, has come up with a new cloud-native backup solution that continuously maps and backs up resources for enterprises, depending on the type of data involved. Most importantly, once these backups are ready, it makes them usable by allowing users to retrieve specific files or records according to their needs.
The year-old company is challenging the status quo in the cloud backup domain, giving enterprises an entirely new outlook on how they can back up their datasets and applications and utilize those backups when in need. According to Gartner, companies are spending $596 billion on cloud infrastructure and planning to increase their investments to over $720 billion in 2025. Out of this, about 10% goes to backup infrastructure, translating into millions per enterprise yearly.
The company was founded a year ago and is already making waves with its patented back storage technology. It has roped in dozens of customers across sectors and raised nearly $200 million in funding, with the latest round of $70 million valuing the company at $1.4 billion.
Traditional cloud backup doesn’t keep up
Today’s enterprises heavily depend on cloud infrastructure, thanks to its ability to scale quickly and efficiently. Each cloud instance can potentially host a variety of AI and ML applications and petabytes of data, utilizing virtual machines with block storage, object storage, elastic file systems, databases, data lakes and data warehouses.
In this massive, fast-moving ecosystem, creating a cloud backup becomes quite a task. First, one has to cover an endless, rapidly growing wave of cloud assets, from every active application and database to resources that have been shut down or moved. Then, after identifying the resour …