Amazon Acquires E8 Storage, Buys Startup for $60m

Amazon recently announced its latest acquisition, Israeli storage technology startup named E8 Storage. Amazon acquired the company for $60 million. The purchase of the tech startup firm is Amazon’s second Israeli venture for 2019, having bought CloudEndure earlier this year.

The E8 firm specializes in developing flash storage solutions designed to deliver faster and more efficient performance. It provides flash storage installations for businesses intent on building its own cloud system, reports Globes.

The company claims that its offerings are ten times faster compared to other competitors on the market. It also claims to offer competitive and more affordable rates without sacrificing quality and outcomes. Besides this, the Israeli tech firm also boasts of its “consistently strong performance and low latency,” says CNBC.

As a company, E8 takes pride in its wide range of solutions. Storage Review says the “software is able to connect up to 96 host servers to each E8 Storage controller.” With this approach, the business is confident that its system remains useful in real-time analytics, processing, and many more.

Globes states “The combination of software and hardware enables the creation of flexible data centers,” adjusting to the customers’ needs.

Founded in 2014 by CEO Zivan Ori and R&D VP Alex Friedman, the startup supposedly raised $18.3 million since then. In the past, the Israeli company also worked with Intel and Mellanox to grow its range of storage offerings.

Amazon Acquires E8 Storage, Buys Startup for m

Following the acquisition, the employees of E8 are slated to merge with the Amazon Web Services team in Tel Aviv. According to CNBC, the retail giant offered employees jobs through the AWS cloud unit.

Amazon Web Services Under Fire

Despite acquisitions in the field, Amazon Web Service (AWS) went under fire for its involvement in the Capital One scandal. News reports reveal that the hacker in charge of the massive data breach worked as an AWS employee.

Considering the situation, authorities note that as a leading industry provider, AWS could have provided enhanced security systems. The data breach exposed over 100 million consumer data. These include sensitive information such as financial statements, bank account details, and Social Security Numbers.

Despite links to the issue, Amazon’s cloud unit maintains that it is not responsible for the breach in any way. In a report by USA Today, the company’s systems performed seamlessly and according to its design. In a statement, the company shares that the hacker gained access to the information through a firewall misconfiguration.