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Vapi Dials-in $20M in Series A Led by Bessemer to Bring AI Voice Agents to Enterprise

Vapi Dials-in $20M in Series A Led by Bessemer to Bring AI Voice Agents to Enterprise

December 12, 2024 Craig Etkin

Vapi has scaled revenue to millions – in just 6 months since launch – for voice agents across industries like customer service and healthcare. Fresh funding to accelerate hiring elite engineering talent and scale their…

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Eon, the next-generation cloud backup platform, announced today that it has raised a $70 million Series C funding round led by BOND, growing its valuation to $1.4 billion. Several return investors joined the round, including Sequoia Capital, Greenoaks, and Lightspeed Venture Partners. Eon’s novel cloud backup posture management platform transforms data backups from a manual and cumbersome process into a simple and automated solution, enabling enterprises to unlock the true potential of their backed-up data. Founded in January 2024, Eon has already filed dozens of patents for cloud storage and data management technologies and raised $200 million in funding.

Companies are spending more than ever in the cloud, with the global annual spend expected to reach $679 billion by the end of 2024. Enterprises from every industry invest millions of dollars a year on cloud backups for both business and compliance needs. Despite its importance, cloud backup operations remain a challenge, and currently, backups offer little tangible benefit or value. Requiring error-prone manual work, companies regularly find themselves under or over-backed up. Even when backed up properly, backups remain difficult to access, manage, and operationalize, leaving enterprises in risky positions.

In a statement Ofir Ehrlich, Co-Founder and CEO of Eon said, “With Eon we set out to put an end to backup challenges for enterprises by providing instant access to all backed-up cloud data. This fundamentally changes the essence of backups by making them instrumental to businesses for the first time.” “During our conversations with Jay and the BOND team it became clear how valuable they would be as a partner to Eon as we work to reinvent cloud backup management. BOND’s track record of investing in industry-defining companies speaks for itself, and we are excited to have them join us”.

Source: http://www.intelligence360.io/ and https://intelligence360.news/

New York Life has signed a new lease to take 43,000 square feet at The Vision on Fifteenth in Pittsburgh Pennsylvania. The office space will house New York Life's Group Benefit Solutions division, a subsidiary of the insurance giant expected to move from space at 2000 Park Ln. in North Fayette.

New York Life Insurance Company is the third-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #71 on the 2023 Fortune 500 list of the largest U.S. corporations by total revenue. In 2023, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor’s, AM Best, Moody’s and Fitch Ratings). Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds. As of 2016, New York Life Insurance Company was the country’s third-largest life insurance company. A mutual insurance company, New York Life is owned by its policyholders and has no outside shareholders.

As a mutual, New York Life distributes a portion of its earnings to eligible policyholders as annual dividends. As of 2016, the company has paid a dividend every year since 1854. Through Seguros Monterrey New York Life, the company offers insurance in Mexico. New York Life’s core product is whole life insurance, a type of life insurance offering lifelong protection that builds cash value over time. New York Life also sells term life insurance, universal life insurance, variable universal life insurance, long-term care insurance, annuities and disability insurance. The company operates New York Life Direct, selling direct-to-consumer policies, and is the exclusive life insurance partner of the AARP.

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