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Amazon gets hold of enterprise flash storage startup E8, according to recent reports. Introduced in 2014, the organization sold a cloud-based rack-scale software storage service.

Israel’s Globes signed the deal at $50 to $60M, but the purchase price was less than that, people families with the matter revealed. E8 Storage mentions 30 employees on LinkedIn, majorly from Israel. Its CEO Zivan Ori and co-founder based in San Francisco; Alex Friedman, the other co-founder, is in Israel.

The organization, E8 Storage, had raised over $18 million, according to Crunchbase’ reports. Shareholders included Magma Venture Partners, Vertex Ventures, Accel, and more. The organization’s website wasn’t accessible on Wednesday.

The statement will let you know more about E8 Storage, take from the corporation’s description:

“E8 Storage is a pioneer in shared NVMe storage for data-intensive, high-performance applications that drive business revenue. E8 Storage’s affordable, reliable, and scalable solution is ideally suited for the most demanding low-latency workloads, including real-time analytics, financial and trading applications, genomics, and large-scale file systems. Driven by the company’s patented architecture, E8 Storage’s high-performance NVMe-oF certified storage delivers record-breaking performance at half the cost of existing storage products.”

Amazon, the leading brand, has an Amazon Web Services company in Tel Aviv. Earlier this year, it has acquired CloudEndure, another Israel-based cloud startup. AWS keeps on boosting Amazon’s bottom line. It posted  $8.4 billion in total sales & $2.1 billion in profits in the 2nd quarter.

Amazon used up $1.65 billion on acquisitions last year, the report shown. It was the second most avid year in the brand’s history by dollar volume.

Amazon purchased Annapurna, an Israeli data center hardware organization, in 2015. This company has continued to work and has ever since pumped out hardware like chips for ARM-based computing, which are available on AWS.

Also Read: Recent Release of iOS 13 Public Beta 4

In 2016, E8 Startup stated that it lifted $12 million, with sponsorships approaching from different brands.

In 2018 AWS regulated 47.8% of the public cloud marketplace, while  Alibaba held 7.7%, and Microsoft had 15.5% Gartner said before this week. Some other Amazon acquisitions in the year 2019 comprise Sizmek; TSO Logic; Eero; Bebo, and Canvas Technology.

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Anshuman Kumar
Author

Anshumann Kumar, in his role as Delivery Manager at Fluper, has been streamlining the technical complications that come in a bundle when building modern and innovative mobile applications. An issue solver by day and analytical reader by night, Mr. Anshumann always try his hands at the latest technological innovations so that the clients always get something unique.

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