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E8 Storage Lands $12 Million for NVMe-based Enterprise Storage

By Pedro Hernandez

The Israeli storage startup, founded by ex-IBM XIV staffers, is banking on faster NVMe flash to deliver blazing business application performance to enterprises.

E8 Storage, an enterprise data storage startup from Israel, announced today that it had raised $12 million in a Series B round of financing led by Accel Partners and backed by Magma Venture Partners and Vertex Ventures.

The funds are earmarked for the imminent launch of the company's NVMe-based flash storage systems. E8 Storage also plans to double its research and development (R&D) headcount in Israel.

Instead of packing its arrays with SATA or SAS solid-state drives (SSDs), E8 Storage's storage hardware uses NVMe SSDs. NVMe, short for Non-Volatile Memory Express, is a low-latency interface developed specifically for SSDs that provides better data throughput rates than the hard disk inspired SATA and SAS interfaces.

According E8 Storage, its rack-scale flash architecture performs 10 times faster than today's all-flash arrays. In early tests, its appliance has achieved a 10 million input/output operations per second (IOPS) rating and read/write latencies of 100 microseconds and 50 microseconds, respectively.

Kevin Comolli, a partner at Accel who has been named to E8's board, remarked in a media advisory that the startup's early results bode well for enterprises grappling with today's cutting-edge applications.

"The next generation of high-performance enterprise applications, such as big data analytics and IoT [Internet of Things] data processing, require a fundamental rethink of our existing data center architectures," he stated. "E8 has built a game-changing storage product, and the overwhelming feedback from its beta tests has demonstrated strong product market fit for its rack-scale flash solution."

Heading E8 Storage is an executive team made up of former IBMers.

CEO and co-founder Zivan Ori was an R&D manager for IBM's high end XIV storage division, responsible for developing the grid-scale storage systems. "Today's investment brings us closer to launching our software-centric solution, which is currently in beta testing, as the only scale-out solution in the industry," he said in a statement.

"It provides a rich feature set of data services such as high availability, RAID and thin provisioning, and can be easily scaled and upgraded as hardware components improve," he continued. "The fast-growing interest in E8 Storage proves that the market for shared NVMe solutions is definitely maturing."

Ori's other ex-IBM colleagues include Alex Friedman, co-founder and vice president of R&D at E8 Storage. A part of IBM XIV's R&D unit, Friedman was responsible for storage stack software development. Also hailing from IBM XIV are Ziv Serlin, director of system architecture, and Danny Melamed, director of R&D.

Pedro Hernandez is a contributing editor at InfoStor. Follow him on Twitter @ecoINSITE.

  This article was originally published on Tuesday May 10th 2016
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