Oxide Computer Company has raised $100 million in a Series B financing round led by Thomas Tull’s US Innovative Technology Fund (USIT), with support from existing investors.
This funding will more than double Oxide’s total capital and will be used to scale manufacturing, improve customer support, and accelerate product development for on-premises cloud solutions.
Despite advancements in cloud computing, many enterprises with on-premises IT infrastructure have been overlooked.
Oxide addresses this gap with a unified product that provides cloud-like experiences and operational efficiency through its integrated rack-scale system, offering essential capabilities such as API-driven infrastructure and elastic storage for private cloud environments.
KEY QUOTES:
“This round gives us the ability to scale confidently and sustainably in step with accelerating customer growth. Our customers want the agility of the public cloud without giving up control, and they want to know their infrastructure partner is built to last. With this raise, we’re deepening our commitment to delivering a long-term solution that meets those needs head-on.”
Steve Tuck, CEO and co-founder of Oxide
“From the outset, we knew that delivering the cloud experience on-prem required more than mere integration — it demanded first-principles thinking and hardware/software co-design. We rethought the entire stack, from the physical computer itself and its lowest levels of firmware through the hypervisor, control plane and programmable switch – and designed a unified system that eliminates the complexity, fragmentation, and vendor finger-pointing that enterprises have long had to endure. Our approach is fundamentally different – and our customers are experiencing the benefits of end-to-end security, power efficiency, and operational agility.”
Bryan Cantrill, CTO and co-founder of Oxide
“Compute infrastructure stands at a major inflection point, with many organizations being forced to rethink the viability of outsourcing such a critical part of their value chain to public clouds. Oxide has met the moment, delivering the first truly integrated, cloud-capable infra solution that can be fully owned by the customer, and addresses the needs of modern workloads by optimizing performance, security, and cost efficiency. We are proud to support Oxide as they help usher the U.S. into a new age of compute infrastructure.”
Gaetano Crupi, Managing Director at USIT
“What Oxide has accomplished is incredibly rare: the company took a contrarian, high-conviction bet on solving one of the most complex infrastructure problems in the industry — and they were right. Oxide has spent years building in obscurity with deep technical rigor, assembling a team singularly committed to the mission. Now, as the market converges on their vision, it’s clear that their moat is the difficulty of what they’ve achieved. This is a company with the talent, culture, and clarity of purpose to build something enduring — and we’re just getting started.”
Seth Winterroth, Partner at Eclipse
