• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Exclusive: The man leading Trump’s RTO charge for government workers says he filmed a video in front of a blank wall to avoid work-from-home suspicion

2

Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’

3

Current price of oil as of August 21, 2026

1

Exclusive: The man leading Trump’s RTO charge for government workers says he filmed a video in front of a blank wall to avoid work-from-home suspicion

2

Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’

3

Current price of oil as of August 21, 2026
Tech

Goldman Sachs Invested in This Hot Data Center Startup

By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
April 19, 2016, 7:30 AM ET
Photograph by Getty Images
Add Fortune on Google for similar content.

It takes a lot of technology working behind the scenes for Goldman Sachs to ensure that trades are going through and customer cash is being properly accounted for.

That’s partly why the banking giant invests so much in technology, with Goldman Sachs (GS) President and COO Gary Cohn recently saying that he considers one third of employees as “technologists.”

On Tuesday, data center infrastructure startup Diamanti said it closed a $12.5 million funding round that included backing from Goldman Sachs along with Charles River Ventures, Draper Fisher Jurvetson, and GSR Ventures.

The startup’s founders are all business technology veterans who previously worked at companies like Cisco and data storage company Veritas. Diamanti CEO Jeff Chou has worked at Cisco (CSCO) three times since 1996 in various positions.

Get Data Sheet, Fortune’s technology newsletter.

“I’ve been through that revolving door,” said Chou. “Cisco and I go back a long way.”

At Diamanti, Chou will be selling a so-called “hyperconverged appliance.” This type of device can be thought of as a kind of all-in-one data center box that contains storage, servers, networking gear, and the necessary software used to manage data center operations.

Fast-rising startups like Nutanix and Simplivity have garnered much attention for their own hyperconverged appliances, which has led to big tech companies like Cisco and Hewlett Packard Enterprise (HPE) creating their own competing products.

Chou said Diamanti stands out from the competition through its own custom software that lets developers and IT operators take advantage of an emerging data center technology called containers. Developers and IT staff are excited about containers because it lets them build and run complex software more easy and efficiently than before, although the technology is still in its infancy as far as mainstream use.

For more about Goldman Sachs, watch:

Goldman Sachs is a big proponent of container technology and has invested in some of the leading startups involved with the technology, including Docker.

Chou said that the bank is using containers for “proof of concept” projects and was interested in Diamanti because of its emphasis on the technology and its call to bring containers to more widespread corporate use.

Still, the startup faces a lot of competition, and Cisco’s own recently announced data center product claims similar container features—although Chou said Diamanti’s product should better attract developers and IT staff that prefer open-source technology.

Goldman Sachs Is Reportedly Cuttings Costs Everywhere

Chou acknowledged the challenges, but said his company’s product will ultimately be judged by how well it performs in comparison to other appliances.

Diamante counts NBCUniversal as a customer, along with an unnamed Internet service provider and a financial services company.

Story updated at 8:30 AM PST to clarify timing of Goldman Sachs investment

About the Author
By Jonathan Vanian
LinkedIn iconTwitter icon

Jonathan Vanian is a former Fortune reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Tech


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.