Enterprise Technology Stack & Vendor Relationships
Goldman Sachs’ reporting parent is The Goldman Sachs Group, Inc., and its 2025 Form 10-K defines “Goldman Sachs” and related references to include Group Inc. and its consolidated subsidiaries 1.
CyberArk announced that Goldman Sachs and Jerusalem Venture Partners led its $40 million financing round in December 2011 2.
CyberArk described its products as privileged-account and session-management technology designed to protect critical applications and sensitive information 2.
The announcement identified Goldman Sachs Merchant Banking vice president David Campbell as joining CyberArk’s board and described Goldman Sachs as a main shareholder following the round 2.
The reviewed CyberArk source does not establish that Goldman Sachs was a CyberArk customer or internally deployed CyberArk technology 2.
Infinidat announced a $95 million Series C financing led by Goldman Sachs Private Capital Investing in October 2017 3.
Infinidat described its offering as petabyte-scale enterprise storage technology, including its InfiniBox platform 3.
The Infinidat announcement does not identify Goldman Sachs as a customer, licensee, or user of Infinidat storage systems 3.
No public evidence identified of a disclosed Goldman Sachs licensing, subscription, integration, managed-service, systems-integrator, or IT-outsourcing relationship involving the reviewed Israeli-origin enterprise-technology vendors 1, 4.
Surveillance, Biometrics & Retail Technology
No public evidence identified of Goldman Sachs’ use of Israeli-origin facial recognition, biometric identification, gait analysis, retail analytics, predictive policing, sentiment monitoring, social-media monitoring, or workforce-surveillance products in the reviewed materials 1, 4.
No public evidence identified that such products reached Goldman Sachs through a disclosed managed-security provider or bundled enterprise suite 1.
No public evidence identified that a Goldman Sachs technology product was deployed by Israeli military, intelligence, police, or settlement authorities for surveillance purposes 1.
Cloud Infrastructure, Data Residency & Sovereign Cloud Participation
Goldman Sachs lists Goldman Sachs Israel LLC at the Da Vinci Building, 14A Leonardo Da Vinci Street, sixth floor, Tel Aviv, Israel 4.
Goldman Sachs’ dedicated Tel Aviv wealth-management page states that the office serves families, entrepreneurs, institutions, nonprofit groups, and ultra-high-net-worth individuals with investment advice and related wealth-management services 5.
FINRA’s BrokerCheck report lists Goldman Sachs Israel LLC as under common control with Goldman Sachs Execution & Clearing, L.P., with an effective date of 1 March 2011 6.
The reviewed location disclosures identify an office but do not describe a data centre, cloud region, co-location site, data-residency function, or sovereign-cloud operation 4, 5.
No public evidence identified of Goldman Sachs participation in Project Nimbus, a comparable Israeli government-cloud initiative, or a contract supplying cloud, storage, AI/ML, or resilience services to an Israeli state institution 1, 4.
No public evidence identified of Goldman Sachs data-centre operations in Israel, Israeli data-residency commitments, or digital-sovereignty services marketed to Israeli governmental or military customers 1, 4.
Defence, Intelligence & Security Sector Technology Relationships
No public evidence identified of a Goldman Sachs technology contract or service agreement with the Israeli Ministry of Defence, the IDF, Israeli intelligence agencies, or other Israeli security bodies 1, 4.
The reviewed sources do not establish Goldman Sachs provision of IT, communications, hosting, analytics, offensive-cyber, or digital-weapons services to those bodies 1, 4.
Goldman Sachs’ 2011 CyberArk financing establishes an investment relationship with a cybersecurity company, rather than a verified procurement or defence-service relationship 2.
CyberArk completed a NASDAQ initial public offering in 2014, while the reviewed materials do not establish Goldman Sachs’ continuing ownership or board representation after the 2011 financing 7, 8.
The 2017 Infinidat financing establishes an investment in an enterprise-storage company, rather than an acquisition of that company by Goldman Sachs 3.
No public evidence identified of a Goldman Sachs technology relationship with Israeli military, intelligence, police, or settlement authorities arising from the reviewed CyberArk or Infinidat investment disclosures 2, 3.
AI, Algorithmic & Autonomous Systems
Goldman Sachs’ 2025 Form 10-K states that the firm and third parties may develop or incorporate artificial intelligence into business processes, services, or products 1.
The filing states that Goldman Sachs’ Firmwide Artificial Intelligence Risk and Controls Committee reports to the Firmwide Technology Risk Committee 1.
The filing does not identify Israeli state, military, intelligence, or security customers for Goldman Sachs AI-related activities 1.
The filing does not describe Israeli or occupied-territory training data, surveillance datasets, target-generation systems, or autonomous tracking systems 1.
No public evidence identified of Goldman Sachs providing AI/ML, computer vision, autonomous decision support, or autonomous target-generation systems to Israeli state or security bodies 1.
Technology Ecosystem & R&D Footprint
Goldman Sachs maintains a Tel Aviv office through Goldman Sachs Israel LLC 4, 5.
The reviewed corporate location material does not characterize the Tel Aviv office as an engineering centre, R&D facility, innovation lab, or accelerator, and it provides no technology-function headcount 4, 5.
Goldman Sachs’ Exhibit 21 states that the company directly or indirectly owns at least 99% of the voting securities of substantially all listed subsidiaries 9.
The exhibit also states that entities below SEC significant-subsidiary thresholds are omitted, so it is not a complete legal-entity register 9.
No public evidence identified in the reviewed materials of a Goldman Sachs acquisition of an Israeli technology company or significant patent licensing or co-development with Israeli research institutions 1, 4.
No public evidence identified in the reviewed corporate, SEC, FINRA, and official-location records that Goldman Sachs Israel LLC operates a data centre, cloud-infrastructure site, R&D centre, or technology-development facility in Israel 1, 4, 5, 6.
Civil Society Scrutiny & Regulatory History
No public evidence identified in the reviewed materials of a technology-specific boycott or divestment campaign concerning Goldman Sachs’ provision of technology to Israeli state entities 1.
No public evidence identified in the reviewed materials of a regulator inquiry, export-control action, sanctions-related investigation, or other technology-specific enforcement matter concerning Goldman Sachs’ provision of technology to Israeli state entities 1.
The reviewed sources establish limited historical investment relationships with CyberArk and Infinidat but do not establish technology procurement, customer-data access, or security-sector service delivery by Goldman Sachs 2, 3.
Footnotes
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https://www.sec.gov/Archives/edgar/data/886982/000088698226000091/gs-20251231.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18
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https://www.cyberark.com/zh-hans/press/jvp-goldman-sachs-lead-40-million-investment-round-cyber-ark-software/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7
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https://www.goldmansachs.com/our-firm/locations ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12
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https://pwm.gs.com/emea/en-gb/about-us/locations/emea/tel-aviv ↩ ↩2 ↩3 ↩4 ↩5
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https://www.sec.gov/Archives/edgar/data/1598110/000119312514350723/d692893d424b4.htm ↩
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https://jvpvc.com/news-room/jvps-cyberark-goes-public-nasdaq-record-ipo/ ↩
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https://www.sec.gov/Archives/edgar/data/886982/000088698226000091/gs-12312025exhibit211.htm ↩ ↩2