Israeli enterprise storage company E8 Storage has raised $12 million in a Series B round led by Accel with participation from existing investors Vertex Partners and Magma Venture Partners.

E8 Storage builds rack-scale flash architecture to accommodate NVMe (Non-Volatile Memory Express) storage that promises to improve performance and reduce latency in data centres. This new round of funding is hoped to bring the storage technology to a wider market, said the company.

“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,” said E8 CEO Zivan Ori, a former R&D manager at IBM-XIV.

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