Seagate opens innovation lab in Israel

Global Corner

FILE PHOTO: A Seagate Tech external computer hard drive is shown in this photo illustration in Encinitas, California, U.S., January 23, 2017. REUTERS/Mike Blake/File Photo

JERUSALEM (Reuters) – Data storage firm Seagate Technology PLC opened an innovation lab in Israel on Thursday with an aim of forming partnerships with businesses.

The Tel Aviv centre, called Lyve Labs, will work with a number of startups on “data challenges,” Seagate said.

It has already partnered with SeismicAI, a startup that offers early warning for earthquakes, as well as cybersecurity firm Hub Security.

Dave Mosley, Seagate’s chief executive, said that innovation requires collaboration.

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

Reporting by Steven Scheer; Editing by Tova Cohen

Our Standards:The Thomson Reuters Trust Principles.

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