Vixel ropes in $8 million
Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise Processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science. Credentials
- Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.
Goldman Sachs and an unnamed Boston-based investment firm have invested $8 million in Vixel, which makes chips for connecting storage devices to special-purpose data storage networks, the companies said Wednesday. As part of the deal, Pete Perrone of Goldman Sachs will join Vixel's board.
Vixel makes electronics so companies such as BlueArc can embed switching equipment into products that connect to storage area networks using the Fibre Channel networking technology. The Bothell, Wash.-based company raised the money through a convertible debt offering. The company's stock rose 37 cents, or 15 percent, to $2.90 in midday trading Wednesday.