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Wasabi acquires Seagate's Lyve Cloud business

Apr 09, 2026

Acquiring Company

Wasabi

Acquired Company

Lyve Cloud

MilpitasInformation TechnologySoftwareSecurityCloud Infrastructure

Description

Wasabi has acquired Seagate’s Lyve Cloud business, with Seagate receiving an equity stake in Wasabi. This acquisition enhances Wasabi's positioning in enterprise cloud storage while ensuring that Lyve Cloud customers continue to receive support through Wasabi’s extensive network. The move aligns with Seagate's focus on its core mass-capacity storage offerings.

Quick answer

Wasabi is acquiring Lyve Cloud, announced April 9, 2026.

How much did Wasabi pay for Lyve Cloud?
The deal value was not disclosed.
What does Wasabi do?
With Wasabi, you pay only for what you store.
Where are Wasabi and Lyve Cloud based?
Lyve Cloud is based in Milpitas, California, United States.
Who are the decision-makers at Wasabi?
Fundz holds 2 contacts at Wasabi. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Security and Cloud Infrastructure

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

Who to call at Wasabi, and when

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Company Information

Company

Wasabi

About

With Wasabi, you pay only for what you store. Enjoy the freedom to access your data whenever you want, without fees for egress or API requests.

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Frequently asked

Who acquired Lyve Cloud?

Lyve Cloud was acquired by Wasabi. The deal was reported on April 9, 2026. With Wasabi, you pay only for what you store. Enjoy the freedom to access your data whenever you want, without fees for egress or API requests. Wasabi is privately held and operates in Information Technology.

When did Wasabi acquire Lyve Cloud?

Wasabi's acquisition of Lyve Cloud was reported on April 9, 2026. Wasabi has acquired Seagate’s Lyve Cloud business, with Seagate receiving an equity stake in Wasabi. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Lyve Cloud do?

Lyve Cloud is an S3-compatible object storage platform developed by Seagate. It is marketed as an enterprise solution, emphasizing predictable pricing, scalability, and strong security features. It is privately held, operating in Security, and is based in Milpitas.

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