Amazon Said To Acquire Israeli Startup E8 Storage

Amazon Said To Acquire Israeli Startup E8 Storage

Amazon has reportedly bought Israeli flash storage startup E8 Storage, a source familiar with the deal told Reuters on Wednesday.

Founded in 2014 by Alex Friedman, Zivan Ori, and Ziv Serlin, E8 Storage is a Ramat Gan-based company that develops software for flash storage installations for enteprises and data centers.

The team at the Israeli startup is set to merge with Amazon Web Services’ development center in Tel Aviv as part of the deal, the source said.

Israeli financial daily Globes reported that sources in the market estimated the deal at $50 to $60 million. Reuters cited the source saying the acquisition value was “significantly lower.”

E8 Storage has raised more than $18 million in five years, according to Crunchbase.

Reuters reported that Amazon, Amazon Web Services, and E8 Storage all declined to comment.

Published at Wed, 31 Jul 2019 17:23:32 +0000

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