Seagate Launches Lyve Cloud and Lyve Labs in Singapore to Accelerate Digital Economy Growth

Seagate Technology Holdings plc (NASDAQ: STX), a world leader in data storage infrastructure solutions, announced today the launch of its Lyve^TM Cloud and Lyve^TM Labs in Singapore. Lyve Cloud is Seagate’s premiere cloud storage-as-a-service platform and Lyve Labs is a collaborative innovation hub to create solutions that harness the flow of data. Choosing Singapore as the first market in Asia to launch its cloud storage platform and innovation centre, Seagate aims to support the nation’s digital-first vision to transform Singapore through technology and accelerate the growth of its expanding digital economy along with those in Southeast Asia.

Hosted at The Shugart, the launch event was attended by Dr Beh Swan Gin, Chairman of Singapore Economic Development Board. The event also saw a panel discussion featuring industry leaders from Equinix, Lattice, and PacketFabric who shared their views on building scalable and interoperable mass data infrastructure to help enable the digital economy.

Lyve Cloud Removes Barriers to Put More Data to Work
According to Seagate’s Rethink Data report, enterprises struggle with leveraging their data efficiently and as much as 68% of the data available to enterprises is not utilised. Lyve Cloud aims to reduce the cost and complexity of storage infrastructure that prevents organizations from making full use of their data. By using Lyve Cloud in scenarios such as data analytics, data repository for content collaboration, and backup/disaster recovery, organizations can break the silos of data in different systems and technologies, activate the data for business, and save over 70% of their storage costsⁱ.

Lyve Cloud, since its launch in the United States in 2021, has been trusted by many partners and customers for its simple, trusted, and efficient features. Lyve Cloud now has over 50 companies in its ecosystem network, including industry leaders such as Zadara, Equinix and PacketFabric, collaborating with Seagate to help businesses to fully utilise their cloud infrastructure.

Lyve Labs Singapore Aims to Drive Data-Harnessing Innovations in Business Scenarios
Seagate chose Singapore for its first Lyve Labs expansion into Asia. Lyve Labs brings together aspiring innovators and startups to develop data-harnessing solutions for customers and foster collaboration to create forward-thinking technology solutions that would benefit the broader community. The innovation lab will enable startups to build mass data management infrastructure with Lyve Cloud at its foundation, arming their data operations with high availability, cost predictability and cloud flexibility. Together with the labs in Israel and the US, Lyve Labs Singapore will connect Singapore’s technical talent with other like-minded innovators globally seeking to effect positive change on the world.

As part of its effort to provide simple, secure, and efficient ways to work with exabytes of data to Singapore’s startup community, Lyve Labs Singapore will be introducing series of nurturing programmes. This will include Lyve Cloud for Startups, The Innovator of the Year Award and a series of webinars and events. Lyve Labs will also help startups connect with technical experts and innovators to build proof-of-concept (POC) solutions.

For more information about Seagate’s Lyve Cloud and use cases, please visit https://www.seagate.com/services/cloud/storage/

ⁱ This calculation does not consider additional cloud data copies with object immutability, replication, potential data compression, or deduplication supported by backup software. It assumes that savings from compression and deduplication are equal to additional storage capacity required for data copies with object immutability and data replication.