Oxide Computer Company, an on-prem cloud computing company, announced it has raised $200 million in Series C funding led by Thomas Tull’s US Innovative Technology Fund, with participation from existing investors including Eclipse, Riot Ventures, Jane Street, and others. The round deepens backing from current investors and strengthens the company’s long-term independence as it focuses on expanding its customer base and scaling operations.
Based in Emeryville, California, Oxide designs and manufactures the Oxide Cloud Computer, a rack-scale integrated system that combines purpose-built hardware with open-source software to deliver a modern cloud experience within on-premises data centers. The platform is aimed at enterprises that have historically assembled their own on-prem infrastructure and now seek the self-service, API-driven capabilities commonly associated with hyperscale cloud providers, along with improved performance, sovereignty, and economics.
The company said the new funding validates its long-term vision and provides capital to continue investing in its product roadmap, expand manufacturing capacity, and deliver enterprise-grade customer support globally. With this round, Oxide has doubled its total funding for the second time, reinforcing its commitment to building durable infrastructure designed to support projects measured in decades.
KEY QUOTES:
“We built Oxide to fundamentally rethink how on-prem infrastructure is delivered, bringing organizations the simplicity and automation of cloud computing with the highest levels of security. This investment ensures our ability to serve customers for the long term, so they can confidently plan and execute projects measured in decades.”
Steve Tuck, CEO And Co-Founder, Oxide Computer Company
“Infrastructure demands long-term partners. Oxide took a first-principles approach to the neglected world of on-premises compute. That path was arduous, but the benefits are now clear: a secure, reliable platform designed to endure and scale — offering the modernity of cloud computing in the on-prem data center.”
Bryan Cantrill, CTO And Co-Founder, Oxide Computer Company
“Thomas Tull’s strategic vision for sovereign compute infrastructure aligns with Oxide’s accelerating momentum. Given the pace of customer adoption and Oxide’s execution since our Series B investment, we recognized a compelling opportunity to increase our commitment to support their growth. We’re backing a platform that redefines how compute is built and operated, ensuring the U.S. is equipped with best-in-class, secure digital infrastructure as the cloud becomes increasingly central to economic and national competitiveness.”
Gaetano Crupi, Managing Director, US Innovative Technology Fund
“Oxide delivers the simplicity of the cloud on-premises, with superior performance, reliability, and cost efficiency. Through a single, vertically integrated, rack-scale system, Oxide brings hyperscaler-grade cloud capabilities directly into the data center. As the global market searches for every possible advantage in compute and power efficiency, Oxide stands apart with a solution that has no real competition. This kind of platform shift defines categories, and Oxide is leading the way.”
Seth Winterroth, Partner, Eclipse
