Flash Startup E8 Storage Raises $12M

May 10, 2016 | Israeli early-stage enterprise storage company E8 Storage has closed a $12 million Series B financing round led by Accel, with participation from existing investors Magma Venture Partners and Vertex Ventures. The investment will help the company to launch its next-generation flash storage with rack-scale architecture for the enterprise and software-defined cloud. E8 Storage’s rack-scale flash architecture has been designed to maximise the performance of its shared, software-defined NVMe solution for high-performance enterprise applications. The solution performs ten times faster than existing all-flash arrays with lower total costs. The company was founded in 2014 by CEO Zivan Ori and VP R&D Alex Friedman. Headquartered in Santa Clara, California E8 Storage’s development center is in Tel Aviv.