Amazon has acquired enterprise flash storage startup E8 Storage. Founded in 2014, the company sold a rack-scale software storage solution for the cloud.
Israel’s Globes pegged the deal at $50 to $60 million but the acquisition price was lower than that, according to people familiar with the matter.
E8 Storage had raised more than $18 million, according to Crunchbase. Investors included Accel, Magma Venture Partners, Vertex Ventures, and others. The company’s website was not accessible on Wednesday.
Here’s more about E8 Storage, from the company’s own 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 has an Amazon Web Services office in Tel Aviv. The tech giant acquired another Israel-based cloud startup, CloudEndure, earlier this year.
AWS continues to power Amazon’s bottom line. The cloud arm posted $8.4 billion in net sales and $2.1 billion in operating profits in the second quarter.
Other Amazon acquisitions in 2019 include TSO Logic; Eero; Canvas Technology; Sizmek; and Bebo.
Amazon spent $1.65 billion on acquisitions last year, the second most acquisitive year in the company’s history by dollar volume.