When was Seagate founded?

Seagate was founded in 1979 and raised its 1st funding round 35 years after it was founded.

Where is Seagate located?

Seagate is headquartered in Scotts Valley, United States. It is registered at Fremont, California.

How many employees does Seagate have?

As of Mar 31, 2026, the latest employee count at Seagate is 16571.

Is Seagate a funded company?

Seagate is a funded company, having raised an undisclosed amount across 10 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Oct 01, 2014.

When was the latest funding round of Seagate?

Seagate's latest funding was a $***** Conventional Debt round on Sep 17, 2019, with participation from 0 investor.

What is the annual revenue of Seagate?

Annual revenue of Seagate is more than $1B as on Jul 03, 2026

Where does Seagate rank among its competitors?

Seagate ranks 2nd amongst 123 active competitors, of which 16 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Open Drives, which secured an undisclosed amount in Jan, 2026.

Who are the top competitors of Seagate?

Seagate's top competitors include SanDisk, EMC and Cavium Networks. Among them, Open Drives secured the most recent funding round in January, 2026.

Seagate - 2026 Company Profile, Team, Funding, Competitors & Financials

Seagate is a public company based in Scotts Valley (United States), founded in 1979 by Alan Shugart, Tom Mitchell, Doug Mahon, Syed Iftikar and Finis Conner. It operates as a Manufacturer of data storage solutions including hard drives and SSDs. Seagate has raised an undisclosed amount in funding. The company has 123 active competitors, including 16 funded and 27 that have exited. Its top competitors include companies like SanDisk, EMC and Cavium Networks.

Company Details

Manufacturer of data storage solutions including hard drives and SSDs. The company provides various storage devices and systems for personal, gaming, and enterprise use. It offers products by type, category, and brand, including solutions for backup, data migration, and video analytics. The company also focuses on data management and factory artificial intelligence innovations.

Website: www.seagate.com/
Social
Registered Address: Fremont, California

Key Metrics

Founded Year

1979

Location

Scotts Valley, United States

Stage

Public

Latest Funding Round

Conventional Debt, Sep 17, 2019, $*****

Investors

August Capital & 16 more

Ranked

2^nd among 123 active competitors

Annual Revenue

$1B+ as on Jul 03, 2026

Employee Count

16,571 as on Mar 31, 2026

Investment & Acquisitions

INTEVAC & 26 more

Similar Companies

SanDisk & 112 more

Exit Details

Public

View Seagate's full profile

Seagate is associated with 9 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Seagate Technology Llc CIN: 117565291 , United States, Active	Jan 06, 2016	-	-	-
Seagate Cloud Systems, Inc. CIN: 20101641605 , United States, Deadpooled	Nov 24, 2010	-	-	-
Seagate Technology Llc CIN: 17705458994 , United States, Active	Mar 09, 2001	-	-	-
SEAGATE TECHNOLOGY (THAILAND) COMPANY LIMITED CIN: 0105526042048 , Thailand, Active	Oct 06, 1983	$1B+ (As on Dec 31, 2023)	-
Seagate DK OÜ CIN: 14889253 , Estonia, Active	Jan 15, 2020	€10M - €50M (As on Dec 31, 2022)	1 (As on Sep 30, 2024)
Seagate Technology Holdings Plc CIN: 1137789 , United States, Active		$1B+ (As on Jul 03, 2026)	-	-
SEAGATE TECHNOLOGY HDD (INDIA) PRIVATE LIMITED CIN: U72300PN2007PTC169616 , India, Active	Oct 23, 2007	₹100 - ₹500 Cr (As on Mar 31, 2025)	484 (As on Aug 31, 2025)
SEAGATE U.S. LLC CIN: 770545987 , United States, Active	Dec 26, 999	-	3104 (As on Dec 31, 2024)	-
Seagate Technology CIN: -1137789 , Belgium, Active		-	33400 (As on Jun 30, 2023)	-

Seagate got listed on Dec 11, 2002.

Click here to take a look at Seagate's IPO in detail

Seagate has raised funding over 10 rounds. Its first funding round was on Oct 01, 2014. Seagate has 16 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Seagate:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 17, 2019	3077991	Conventional Debt	8582141	6635716	5865687	4733688
Jan 01, 2019	6241071	Grant (prize money)	1277135	7892902	1715423	Europa
Sep 01, 2018	1212412	Grant (prize money)	9963826	2478747	3749185	Europa

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View details of Seagate's funding rounds and investors

The founders of Seagate are Alan Shugart, Tom Mitchell, Doug Mahon, Syed Iftikar and Finis Conner. Dave Mosley is the CEO of Seagate.

Here are the details of Seagate's key team members:

Alan Shugart: Co-Founder of Seagate.
Contact Info: 1 email address
Tom Mitchell: Co-Founder of Seagate.
Contact Info: 1 email address
Doug Mahon: Co-Founder of Seagate.
Contact Info: 1 email address
Syed Iftikar: Former Co-Founder of Seagate.
Finis Conner: Former Co-Founder of Seagate.

View details of Seagate's Founder profiles and Board Members

Seagate's employee count trend

Seagate has 16,571 employees as of Mar 26. Here is Seagate's employee count trend over the years:

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Top competitors of Seagate include SanDisk, EMC and Cavium Networks. Here is the list of Top 10 competitors of Seagate, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	SanDisk 1988, Milpitas (United States), Public	Manufacturer of solid state drives, memory cards, and flash drives	-	Endeavour Vision, Oak Investment Partners ... & 5 others	79/100
2nd	Seagate 1979, Scotts Valley (United States), Public	Manufacturer of data storage solutions including hard drives and SSDs	-	August Capital, Silver Lake & 15 others	79/100
3rd	EMC 1979, Hopkinton (United States), Acquired	Dell India: Computers, monitors, and technology solutions provider	-	Norwest, JMI Management & 2 others	69/100
4th	Cavium Networks 2001, San Jose (United States), Acquired	Intelligent networks using ARM and MIPS processors	$77.5M	Alliance Venture, Saints Capital & 8 others	59/100
5th	Open Drives 2011, Santa Monica (United States), Series B	Enterprise data management and storage solutions provider enabling data-intensive workflows	$35M	IAG Capital Partners, Tull Investment & 4 others	57/100
6th	Swissbit 2001, Bronschhofen (Switzerland), Acquired	Manufacturer of industrial storage and security products for embedded applications	-	-	55/100
7th	Fusion-io 2006, Salt Lake City (United States), Acquired	Flash Storage via PCIe	$112M	Meritech, Lightspeed Venture Partners & 15 others	51/100
8th	Memblaze 2011, Beijing (China), Series E	Solid state memory innovator	$53.5M	Amino Capital, Bertelsmann Asia Investments ... & 14 others	50/100
9th	Anobit 2006, Herzliya (Israel), Acquired	Provider of flash storage systems for enterprises	$72M	Dell Technologies Capital, Western Digital Cptl ... & 3 others	48/100
10th	CNEX 2013, San Jose (United States), Series E	NVMe controller for SSDs with PCIe	$122M	Dell Technologies Capital, M12 & 14 others	48/100

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Seagate has made 17 investments in companies including Terradepth and WEKA. Seagate has also acquired 10 companies including INTEVAC and Kioxia.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 13, 2025	Acquisition	INTEVAC	1991	Santa Clara (United States)
Dec 16, 2019	Investments	Terradepth	2018	Austin (United States)
May 13, 2019	Investments	WEKA	2013	Campbell (United States)