The company was founded in 1978 as Shugart Technology and became one of the few companies, along with Western Digital and Toshiba, that still manufactures this product. The number of people employed by the company already reached 41 000 in 2017.

Most businesses and data centres are not equipped with the mass storage capacity that is essential in today's data economy. Seagate's storage heritage of more than 40 years has culminated in a core technology stack that delivers hyperscale cost and architectural efficiencies for enterprises through software, silicon, system and device innovations.