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.