Oxide Computer Company Raises $200M to Enhance On-Premises Cloud Solutions
In an impressive move signaling growing confidence in the on-premises cloud computing sector, Oxide Computer Company has successfully closed a $200 million Series C funding round, led by Thomas Tull's US Innovative Technology Fund (USIT). Existing investors, including Eclipse, Riot Ventures, and Jane Street, also expanded their commitments, underscoring the strategic importance of Oxide's offerings in today's tech landscape.
Founded in 2019 and headquartered in Emeryville, California, Oxide has been redefining on-prem computing by designing and manufacturing the Oxide Cloud Computer, a rack-scale integrated system that utilizes purpose-built hardware paired with open-source software. This innovative solution aims to provide enterprises with a modern cloud experience, eliminating the need for them to cobble together fragmented systems from different vendors. As companies increasingly seek better performance, security, and cost efficiency in their IT infrastructures, Oxide’s offerings emerge as a compelling alternative.
"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," said Steve Tuck, CEO and co-founder of Oxide. This sentiment reflects the recent evolution in computing, where the demand for easily manageable, reliable, and secure solutions has never been higher.
With the latest funding injection, Oxide is poised to enhance its manufacturing capabilities and expand its product roadmap. Tuck emphasized that this investment will secure Oxide's ability to serve its customers over the long term, allowing them to confidently embark on projects that will have lasting implications for their businesses for decades ahead. The company aims to address the needs of enterprises that require secure, high-performance solutions tailored to their specific environments.
Oxide’s integrated design solution offers a self-service, API-driven experience that rivals those traditionally offered only by hyperscale cloud providers, yet maintains the advantages of on-premises systems, such as better data sovereignty. As data security becomes an increasingly pressing issue, organizations are looking for partners that prioritize longevity and reliability. Bryan Cantrill, CTO and co-founder of Oxide, noted, "Infrastructure demands long-term partners. Oxide took a first-principles approach to the neglected world of on-prem compute, ensuring a platform designed to endure and scale."
The funding round signifies a substantial vote of confidence in Oxide's vision, particularly given the changing landscape of cloud computing. Gaetano Crupi, Managing Director at USIT, highlighted how Thomas Tull's foresight regarding sovereign compute infrastructure dovetails with Oxide's rapid traction in the market. Crupi stated, “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.”
Investors see Oxide as a pioneering platform positioned to redefine how compute is built and managed, which is critical as the cloud becomes a central element of economic and national competitiveness. Seth Winterroth, partner at Eclipse, remarked on the unique advantages that Oxide brings, emphasizing that their vertically integrated, rack-scale system successfully combines performance, reliability, and cost efficiency.
As enterprises search for solutions that maximize compute and energy efficiency, Oxide has carved out a significant niche where it faces little direct competition. The shift represented by Oxide's platform advances the broader industry standards and expectations, with the company leading on multiple fronts.
For more information on Oxide and its innovative products, interested parties can visit their website. Additionally, job-seekers can explore career opportunities within Oxide as the company continues to grow and shape the future of on-premises cloud solutions.
Founded in 2019 and headquartered in Emeryville, California, Oxide has been redefining on-prem computing by designing and manufacturing the Oxide Cloud Computer, a rack-scale integrated system that utilizes purpose-built hardware paired with open-source software. This innovative solution aims to provide enterprises with a modern cloud experience, eliminating the need for them to cobble together fragmented systems from different vendors. As companies increasingly seek better performance, security, and cost efficiency in their IT infrastructures, Oxide’s offerings emerge as a compelling alternative.
"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," said Steve Tuck, CEO and co-founder of Oxide. This sentiment reflects the recent evolution in computing, where the demand for easily manageable, reliable, and secure solutions has never been higher.
With the latest funding injection, Oxide is poised to enhance its manufacturing capabilities and expand its product roadmap. Tuck emphasized that this investment will secure Oxide's ability to serve its customers over the long term, allowing them to confidently embark on projects that will have lasting implications for their businesses for decades ahead. The company aims to address the needs of enterprises that require secure, high-performance solutions tailored to their specific environments.
Oxide’s integrated design solution offers a self-service, API-driven experience that rivals those traditionally offered only by hyperscale cloud providers, yet maintains the advantages of on-premises systems, such as better data sovereignty. As data security becomes an increasingly pressing issue, organizations are looking for partners that prioritize longevity and reliability. Bryan Cantrill, CTO and co-founder of Oxide, noted, "Infrastructure demands long-term partners. Oxide took a first-principles approach to the neglected world of on-prem compute, ensuring a platform designed to endure and scale."
The funding round signifies a substantial vote of confidence in Oxide's vision, particularly given the changing landscape of cloud computing. Gaetano Crupi, Managing Director at USIT, highlighted how Thomas Tull's foresight regarding sovereign compute infrastructure dovetails with Oxide's rapid traction in the market. Crupi stated, “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.”
Investors see Oxide as a pioneering platform positioned to redefine how compute is built and managed, which is critical as the cloud becomes a central element of economic and national competitiveness. Seth Winterroth, partner at Eclipse, remarked on the unique advantages that Oxide brings, emphasizing that their vertically integrated, rack-scale system successfully combines performance, reliability, and cost efficiency.
As enterprises search for solutions that maximize compute and energy efficiency, Oxide has carved out a significant niche where it faces little direct competition. The shift represented by Oxide's platform advances the broader industry standards and expectations, with the company leading on multiple fronts.
For more information on Oxide and its innovative products, interested parties can visit their website. Additionally, job-seekers can explore career opportunities within Oxide as the company continues to grow and shape the future of on-premises cloud solutions.
Topics Business Technology）
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