Amazon is acquiring storage startup E8 Storage for $60 million

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Amazon is acquiring the Israeli flash storage technology startup E8 Storage for around $50-$60 million, reported the “Globes.”

E8 Storage lists 30 employees on LinkedIn. The team and the technology at E8 will merge with Amazon’s AWS (Amazon Web Services) development center in Tel Aviv.

The startup provides centralized, rack-scale flash for the enterprise and software-defined cloud with high performance, low latency, and simplified storage to meet the needs of enterprises. E8 Storage solutions are also upgradeable and expandable.

E8 solution helps enterprises to build a private internal organizational infrastructure which can be used for transition from local server to a high-speed storage data center that meets their required scale of storage.

This is Amazon’s second acquisition in Israel this year, following the cloud computing firm CloudEndure, which was acquired in January. Other notable acquisitions by Amazon in 2019 include Canvas Technology, Eero, TSO Logic, Sizmek and Bebo.

Amazon has relied on acquisitions to expand beyond its online marketplace. The tech giant has typically kept tabs on almost every trend. It is not just a part of what it is technically known for, but also now into cloud-computing services, electronics maker, grocery chain owner, digital advertising company and health care.

The company has been investing in diverse range of markets and closed multiple deals spending billions of dollars. Last year, the Seattle-based company spent $1.65 billion on acquisition.

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