Amazon buys Israeli startup E8 Storage: source
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/26/2026
- Equities end higher as Anthropic's IPO filing buoys AI stocks
- Anthropic files for Nasdaq IPO as revenue jumps to $16.3 billion
- Meta reverses losses to rise as investors weigh $35 billion AI funding plan
- Post-election relief ahead for markets, says Morgan Stanley
- Musk says SpaceX raised $40 billion in debt, warns of neocloud collapse
Tweet
Share
E-mail
FILE PHOTO: The Amazon logo at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo
Get Alerts AMZN Hot Sheet
Join SI Premium – FREE
JERUSALEM (Reuters) - Amazon (NASDAQ: AMZN) has bought Israeli storage technology startup E8 Storage, a source familiar with the deal said on Wednesday.
The team at E8 Storage, which provides flash storage for the enterprise and software-defined cloud, will merge with Amazon Web Services development center in Tel Aviv, the source added.
Amazon, Amazon Web Services and E8 Storage declined comment.
The source said the valuation of E8 Storage was "significantly lower" than the $50-$60 million reported earlier by Israel's Globes news website.
(Reporting by Ari Rabinovitch; Editing by Steven Scheer, Kirsten Donovan and Alexander Smith)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS on Amazon: Street’s AWS margin estimates for 2027 are too low
- Nanobiotix stock gains on positive melanoma trial data
- Apollo To Buy Nearly 10% Stake In Mubadala Capital - CNBC
Create E-mail Alert Related Categories
General News, Mergers and Acquisitions, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
