Data storage firm Seagate Technology opens flagship innovation lab in Tel Aviv

Lyve Labs Israel partners local startups with US company to ‘tackle data challenges,’ company says

Luke Tress is The Times of Israel's New York correspondent.

Seagate's Lyve Labs innovation center in Tel Aviv. (Courtesy Seagate Technology)
Seagate's Lyve Labs innovation center in Tel Aviv. (Courtesy Seagate Technology)

Leading US data storage company Seagate Technology said last week it had opened an innovation lab in Israel.

Lyve Labs Israel, based in Tel Aviv, will partner Seagate with Israeli startups to “tackle data challenges,” Seagate said in a statement Thursday.

The Tel Aviv hub will be Seagate’s flagship innovation center. Another Lyve Labs outpost is located in Colorado, and other are being planned in other international locations.

Seagate has already partnered with Israel’s SeismicAI, which provides early warnings on earthquakes, and the cybersecurity provider Hub Security.

“The reason Seagate created Lyve Labs is because we understand that innovation cannot happen in silos,” Seagate CEO Dave Mosley said in a statement. “It’s a work of collaboration.”

Mosley addressed some 3,000 investors and entrepreneurs last week in Jerusalem at a global investor summit hosted by OurCrowd, a Jerusalem-based crowdfunding venture capital firm.

Erez Baum, head of Lyve Labs Israel, said: “We want to both help the ecosystem and learn from it. 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.”

In 2014, Seagate invested $15 million into Israeli startup Reduxio.

Seagate trades on the New York Stock Exchange under the ticker STX and has a market cap of $14.6 billion.

Most Popular
read more:
If you’d like to comment, join
The Times of Israel Community.
Join The Times of Israel Community
Commenting is available for paying members of The Times of Israel Community only. Please join our Community to comment and enjoy other Community benefits.
Please use the following structure: example@domain.com
Confirm Mail
Thank you! Now check your email
You are now a member of The Times of Israel Community! We sent you an email with a login link to . Once you're set up, you can start enjoying Community benefits and commenting.