Wasabi moves to acquire Lyve Cloud, tightens grip on AI-driven storage demand

Wasabi Technologies plans to acquire Seagate’s Lyve Cloud platform, signaling a sharper push into enterprise cloud storage shaped by AI and data-heavy workloads. The deal brings S3-compatible capabilities and an established customer base under Wasabi’s umbrella, while Seagate takes an equity stake. As demand for scalable, high-performance storage rises, the move reflects growing consolidation across the cloud storage market.