Oxide Computer Company, a Silicon Valley-based firm, has successfully closed a $100 million Series B funding round. This significant investment aims to accelerate the development and deployment of its innovative rack-scale, full-stack cloud computer designed for on-premise data centers. The funding round was led by Thomas Tull's US Innovative Technology Fund (USIT), with participation from all existing investors, including Eclipse Ventures and others. This latest round more than doubles Oxide's total capital raised to date, bringing it to nearly $190 million.
The investment underscores growing confidence in Oxide's unique approach to private cloud infrastructure. Seth Winterroth, a partner at Eclipse, announced his firm's backing on social media, stating, "We are backing their $100 million Series B and betting on the ones crazy enough to build what others would not." He emphasized Oxide's ambition to challenge established players by building a comprehensive cloud computer from the ground up, asserting that "Cloud computing will forever be changed."
Founded by industry veterans Bryan Cantrill and Steve Tuck, Oxide Computer leverages their extensive experience from Sun Microsystems and Joyent. The company’s core offering is a fully integrated hardware and software solution that delivers the operational efficiency and automation of public cloud services directly to private data centers. This allows enterprises to manage their infrastructure with greater control and cost-effectiveness, moving away from fragmented IT environments.
Oxide's "full-stack cloud computer" is designed to meet the demands of customers seeking to scale their operations with a cohesive, high-performance solution. The company aims to provide a viable alternative for organizations that require the benefits of cloud computing without migrating sensitive data or critical workloads to public cloud providers. This strategy positions Oxide to address a substantial market segment looking for robust, on-premise cloud capabilities, challenging incumbents like Dell and HPE.
The newly secured capital will be instrumental in scaling Oxide's engineering and sales teams, accelerating product development, and expanding manufacturing capabilities to meet increasing customer demand. The company's focus remains on delivering a complete, integrated system that simplifies the deployment and management of cloud infrastructure, promising to redefine how businesses approach their private computing needs.