Press release
Seagate Technology’s Lyve Labs Opens Doors in Tel Aviv to Enable Innovations
The innovation center will collaborate with startups and enterprises to solve data challenges TEL AVIV, Israel--(BUSINESS WIRE)-- Seagate® Technology plc
About this update from Seagate Technology Holdings Plc
[{"type":"text","content":"\nThe innovation center will collaborate with startups and enterprises to solve data challenges\n\n TEL AVIV, Israel--(BUSINESS WIRE)--\nSeagate® Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, today officially opens its Lyve™ Labs Israel.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200213005066/en/\n\nLyve Labs’ mission is to form partnerships with businesses in order to enable innovations by providing simple, secure, and efficient ways to work with exabytes of data. The initiative empowers the seamless movement of data, optimizing its business value both in flight and at rest.\n\n\n“The reason Seagate created Lyve Labs is because we understand that innovation cannot happen in silos,” said Seagate’s CEO Dr. Dave Mosley. “It’s a work of collaboration. The innovators at Lyve Labs are indebted to others. In turn—drawing on over 40 years of Seagate’s research and development—we want to help enable innovations that use data for the good of humanity.”\n\n\nIsrael is a vibrant hub of datasphere innovation, with the largest number of startups per capita in the world and with more than 10% of the labor force employed in the high-tech industry. Prior to the lab’s opening today, Dr. Mosley will address an audience of investors and entrepreneurs at OurCrowd—the largest global investor summit in Israel—as one of its key speakers. The theme for the 2020 OurCrowd is “Startups: Going Beyond,” which aligns with Seagate’s vision of startup technologies pushing the innovation limits. The Lyve Labs center in Tel Aviv has already attracted a number of startups looking for solutions that harness data for the good of humanity. Partnerships tackling data challenges are already in progress. Today’s opening formalizes these relationships.\n\n\n“We want to both help the ecosystem and learn from it,” said Erez Baum, head of Lyve Labs Israel. “Lyve Labs is as much a two-way learning platform as a co-creation center. The goal is to learn from our partners’ data challenges and develop solutions in collaboration with them to help them be more competitive in this data-driven economy.”\n\n\nThe companies partnering with Lyve Labs Israel take on data challenges as relevant as survival during an earthquake. “Our solution is currently based on the cloud, but we...