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Jerusalem Life

| Amazon buys Israeli startup for $60 million

Zev Stub    
Thursday, 01 August 9:29 AM

American tech giant Amazon has purchased the Israeli startup company E8 Storage in a deal worth $50-60 million, Globes reported.

E8 Storage was founded in 2014 by CEO Zivan Ori and VP R&D Alex Friedman. The company has raised $18.3 million since its founding.

All 25 employees at E8 Storage will be transferred Amazon Web Services (AWS) development center in Tel Aviv.

Full Story (Israel National News)
         
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