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Israeli startup E8 Storage has been acquired by the mammoth Amazon ecommerce firm, according to Globes, Reuters and CNBC.

The Ramat Gan-based software company builds storage hardware that employs flash-based memory to deliver faster performance that its competitors.

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The company, founded in 2014 by Alex Friedman, Zivan Ori and Ziv Serlin, has raised $18 million to date.

The E8 team and technology will move in to the existing Amazon Web Services development center in Tel Aviv, according to sources quoted by TechCrunch.

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Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.