The innovation center will collaborate with
startups and enterprises to solve data challenges
Seagate® Technology plc (NASDAQ: STX), a world leader in data
storage and management solutions, today officially opens its Lyve™
Labs Israel.
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Lyve 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.
“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.”
Israel 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.
“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.”
The 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 need to be closer
to the edge,” said Benny Sasson, CTO of SeismicAI, the startup with
the globally unique offering of earthquake early warning “wherever
it’s needed.”
“We received a request from the National Institute of Natural
Resources in Canada that our platform be installed as an
on-premise, encrypted, secure, holistic solution—because of
national security and data security concerns,” Sasson said. “So
that’s why we turned to Lyve Labs. We want to transform our
solution into, for example, a rack we can bring to our client and
plug into their data center, and attain compliance with all
regulations and resources there.”
HUB Security partnered with Lyve Labs Israel because it wants to
benefit from Seagate’s expertise in trusted data solutions. “Built
by ex-military cybersecurity experts, HUB Security offers the
next-gen tamper-proof hardware security module platform designed
for multitenant and high-performance operation, as well as
flexibility to be easily customized for any advanced algorithm and
business application,” said Eyal Moshe, the CEO of HUB Security.
“We asked Lyve Labs to help us with a proof of concept of this
solution.” For this purpose, a streamable hackathon may be hosted
at the Tel Aviv center later this year.
Among other projects, the innovation center in Tel Aviv
conducted a successful trial run of the Lyve™ Drive Shuttle. The
project, which involved collaboration with UPS, proved that moving
data physically in shuttles via its reliable global shipping
network instead of uploading can be more cost-effective and faster
at scale. The Lyve Drive Shuttle was launched at the 2020 CES in
Las Vegas as a part of the Lyve Drive Mobile Systems family.
In addition to proofs of concept, solutions offered by Lyve Labs
Israel will include consultations with experts who can help solve
data challenges, design and qualification services, playbooks for
scaling efficiently, reference architectures, services that can
optimize data management flows, and infrastructure and test-bench
facilities. In the spirit of open innovation, reference
architectures and case studies will be published publicly online so
that other companies can easily implement similar solutions.
Lyve Labs Israel will be Seagate’s flagship innovation center.
Another Lyve Labs center is located in Longmont, Colorado, United
States. Additional Lyve Labs centers are being planned
globally.
About Lyve Labs Israel
Seagate Technology’s Lyve Labs is a collaborative platform
through which Seagate partners with innovators, startups, and
enterprises to create solutions that harness the power of data. The
innovation center is located at 28 Ha'arbaa Street, North Tower
18th Floor, Tel-Aviv, Israel 6473925. Learn more by visiting
https://labs.seagate.com.
About Seagate
Seagate crafts the datasphere, helping to maximize humanity’s
potential by innovating world-class, precision-engineered data
management solutions with a focus on sustainable partnerships.
Learn more about Seagate by visiting www.seagate.com or following
us on Twitter, Facebook, LinkedIn, YouTube, and subscribing to our
blog.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements provide current expectations of
future events based on certain assumptions and include any
statement that does not directly relate to any historical fact.
Forward-looking statements generally can be identified by words
such as “expects,” “intends,” “plans,” “anticipates,” “believes,”
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continue," "can," "could" or the negative of these words,
variations of these words and comparable terminology. Information
concerning risks, uncertainties and other factors that could cause
actual results to differ materially from the expectations described
in this press release include, among others, those risks and
uncertainties included under the captions “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in the Company’s Annual Report on Form 10-K
for the year ended June 28, 2019, and our most recent Quarterly
Report on Form 10-Q for the quarter ended January 3, 2020, which
are on file with the U.S. Securities and Exchange Commission and
are available on our investor relations website at
investors.seagate.com. Undue reliance should not be placed on the
forward-looking statements in this press release, which are based
on information available to us on, and which speak only as of, the
date hereof. The Company undertakes no obligation to update
forward-looking statements to reflect events or circumstances after
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©2020 Seagate Technology LLC. All rights reserved. Seagate,
Seagate Technology, and the Spiral logo are registered trademarks
of Seagate Technology LLC in the United States and/or other
countries. Lyve, the Lyve Labs logo, Lyve Drive, and the Lyve Drive
logo are either trademarks or registered trademarks of Seagate
Technology LLC or one of its affiliated companies in the United
States and/or other countries. All other trademarks or registered
trademarks are the property of their respective owners.
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Ekaterina Wilk (EMEA) ekaterina.wilk@seagate.com
Agnieszka Zielinska (US)
agnieszka.zielinska@seagate.com
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