Google buys Elastifile for more than $ 150 million. Elstify develops storage solutions for enterprise environments and cloud services. According to the search giant, the deal is expected to be approved this year.
Elastifil was founded by Amir Aharoni, Ronny Luxenburg and Shahar Frank, and currently employs 70 people. The company is headed by Erwan Menard. The company is developing a system that makes it easier for large organizations to access cloud storage systems and build applications that can run in the cloud environment. "Elstifile's service is useful for high-performance cloud tasks, such as image processing, genomic research, or machine learning," says Aharoni. "With the technology we developed, we can get the reliability that was previously reserved for entire storage server cabinets," he said.
Since its founding in 2013, Elstify has raised $ 75 million in three rounds from investors such as Dell EMC, Battery Ventures and Lightspeed.
Elstify develops software for enterprise servers and addresses three types of potential customers: cloud companies, such as Amazon and Google, which manage large amounts of servers; Companies that create private clouds in organizations; And companies that have purchased storage solutions from companies such as NetAP. The company's founders are Amir Aharoni, Roni Luxenburg and Shahar Frank.
Elastifil was founded by Amir Aharoni, Roni Luxenburg and Shahar Frank. The company is developing a system that makes it easier for large organizations to access cloud storage systems and build applications that can run in the cloud environment. Elstify's service is useful in industries such as communications, entertainment and life sciences, where shared file storage and demanding tasks, such as image processing or machine learning training, are required.
In February, Google acquired another Israeli company in the cloud, Alooma. Its product enables businesses to connect in real time to all of the company's information sources, including Big Data tools, internal enterprise systems, mobile applications and cloud services.
It is estimated that this deal is related to the acquisition of skilled personnel that there are not many in the market. Google buys a whole division that knows how to work and produce good products. Today there is a struggle over cloud storage technology experts, and the various giants are "drawing" the people who are experts in this technology. This is entering a field that is constantly growing, with the cloud world not stopping for a moment. Even in the giant online trading giant Amazon, the cloud is considered the company's growth engine and makes it profitable. All the giants know they need to be in this area and grow fast because whoever is not there will be left behind. Therefore, companies recruit as many experts and technologies as possible.