Oxide Computer Company raised $445 million in Series D funding to expand manufacturing of its on-premises cloud computing infrastructure. The round was led by Eclipse. Existing investors U.S. Innovative Technology Fund, Riot Ventures, Jane Street, and others participated. New investors included Atreides Management and AMD Ventures.
Oxide said it reached profitability earlier in 2026, while customer demand continued to outpace available production capacity.
The company plans to use the funding as working capital to secure components, increase manufacturing, and serve additional customers.
Oxide has increased manufacturing capacity by approximately 20 times during the past 12 months.
Its primary product, the Oxide Cloud Computer, is a rack-scale integrated system that combines purpose-built hardware and open-source software.
The platform integrates compute, storage, networking, and software into a single system designed to bring hyperscale-style cloud infrastructure into enterprise-owned data centers.
Oxide is positioning the system as an alternative for businesses that want the automation and operational model of public cloud infrastructure while keeping direct control over security, performance, data, and computing economics.
The company believes rising agentic AI workloads will accelerate enterprise demand for owned infrastructure spanning CPU compute, memory, networking, and data-intensive applications.
KEY QUOTES:
“The accelerating pace of on-prem cloud computing projects has required us to scale manufacturing capacity by 20x over the past 12 months, and yet demand still exceeds supply.”
“We’re well-capitalized, and hit an important profitability milestone earlier this year. This funding will allow us to aggressively invest in the materials and manufacturing scale our customers need for years to come.”
Steve Tuck, Co-Founder and CEO of Oxide
“The next infrastructure bottleneck is already taking shape. As AI shifts from generating answers to executing work, demand for CPU-based systems is accelerating dramatically.”
Seth Winterroth, Partner at Eclipse
