Oxide Computer Company Secures $445M in Series D Funding

Oxide Computer Company, an Emeryville, CA-based provider of an on-premises cloud computing platform, has secured $445 million in a Series D funding round led by Eclipse.

The round also saw participation from US Innovative Technology Fund, Riot Ventures, Jane Street, Atreides Management, and AMD Ventures, among others.

The company will use the funding to secure components, expand manufacturing capacity, meet rising customer demand, and scale its operations. Oxide also reported reaching profitability earlier in 2026.

What is Oxide Computer Company?

Oxide Computer Company develops cloud computing infrastructure that organizations can operate in their own data centres. Its main product, the Cloud Computer, combines hardware and open-source software in a rack-scale system designed to deliver cloud-like computing capabilities on-premises.

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The platform gives developers the flexibility and control associated with public cloud services while allowing enterprises to retain ownership of their infrastructure. This can help organizations manage security, latency, data sovereignty and computing costs.

Oxide serves customers in financial services, government, national laboratories, aerospace, and other industries with demanding computing requirements.

How Much Funding Has Oxide Computer Company Raised?

Oxide Computer Company has raised $445 million in its latest Series D funding round.

The round was led by Eclipse, with participation from US Innovative Technology Fund, Riot Ventures, Jane Street, Atreides Management, AMD Ventures, and other investors.

Who Invested in Oxide Computer Company’s Series D?

The $445 million Series D round was led by Eclipse.

Other participating investors include:

• US Innovative Technology Fund
• Riot Ventures
• Jane Street
• Atreides Management
• AMD Ventures
• Other investors

AMD Ventures' investment also strengthens the existing relationship between AMD and Oxide, which have worked together across hardware and software development.

Why the Funding Matters

Oxide plans to use the funding to secure components, increase manufacturing capacity, and meet demand from existing and new customers.

The company said customer demand currently exceeds its production capacity. The additional capital will provide working capital to support manufacturing and fulfil customer orders.

The investment comes as growing demand for agentic AI increases the need for computing infrastructure that can handle complex workloads across compute, memory, networking, and data processing.

Who founded Oxide Computer Company?

Oxide Computer Company was founded in 2019 by Steve Tuck and Bryan Cantrill. The company is headquartered in Emeryville, California.

The founders established the company to develop an integrated hardware and software system that brings cloud computing capabilities to on-premises data centres.

"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," said Steve Tuck, co-founder and CEO at Oxide.

Market and Business Growth

Oxide reported reaching profitability earlier in 2026, a milestone for the growing hardware company.

Its customer base includes organizations in financial services, government, national laboratories, aerospace, and other computing-intensive sectors. The company said demand for its infrastructure has exceeded its current manufacturing capacity.

Oxide's platform combines hardware and open-source software in a rack-scale system. Its collaboration with AMD spans the hardware and software stack, with AMD Ventures participating in the latest funding round.

Demand for AI-related computing infrastructure is creating additional requirements for systems that can manage compute, memory, networking, and data-intensive workloads together.

What Happens Next?

Oxide will focus on securing components, expanding manufacturing capacity, and scaling operations to serve new and existing customers.

The company also plans to continue investing in its integrated cloud computing infrastructure as enterprises seek greater control over the systems supporting their critical workloads.

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