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Tech Industry

Vixel ropes in $8 million

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.