Oxide Computer Company, a firm focused on modernizing on-premises IT infrastructure, has secured $100 million in a Series B funding round led by the US Innovative Technology Fund (USIT), founded by entrepreneur and investor Thomas Tull. The round saw full participation from all existing investors, more than doubling the company’s total capital raised to date.
The fresh capital will allow Oxide to scale production, enhance customer support, and accelerate its product development roadmap. The company aims to address rising demand for a modern, integrated alternative to public cloud offerings – particularly among organizations requiring more control, security, and cost efficiency than traditional cloud providers can deliver.
“This funding enables us to scale in line with the growth of our customer base while staying true to our vision,” said Steve Tuck, CEO and co-founder of Oxide. “Organizations are looking for the flexibility and agility of public cloud, but without giving up ownership or control. We’re building infrastructure that delivers both.”
Founded with the mission to bring hyperscale-level innovation to enterprise data centers, Oxide offers a rack-scale, vertically integrated computing platform designed from scratch. It combines hardware and software into a unified solution that delivers core cloud features – such as elastic storage, API-based management, and streamlined upgrades – within the confines of an on-premises environment.
Dependency on Public Cloud Platforms
The Oxide system is intended for use cases where public cloud is impractical due to data sovereignty, regulatory constraints, performance requirements, or security concerns. By eliminating the need to stitch together fragmented solutions from multiple vendors, Oxide aims to reduce operational complexity and empower enterprise IT teams with a more agile and secure infrastructure foundation.
“We realized early on that replicating the cloud experience on-prem required rethinking every layer of the stack,” said Bryan Cantrill, CTO and co-founder of Oxide. “We redesigned everything – from the hardware and firmware up to the control plane and networking – to build a system that offers seamless integration and eliminates the common pain points that have long plagued enterprise infrastructure.”
Oxide’s approach is gaining attention as enterprises re-evaluate their dependency on public cloud platforms. Shifting workloads, growing security concerns, and rising cloud costs have sparked renewed interest in on-prem solutions that don’t compromise on modern features.
“Compute infrastructure is at a pivotal moment,” said Gaetano Crupi, Managing Director at USIT. “Organizations are reconsidering the wisdom of outsourcing such a core capability. Oxide is leading the way with the first fully integrated, cloud-capable solution that remains fully under the customer’s control.”
Eclipse Partner Seth Winterroth added that Oxide’s contrarian approach – building an end-to-end system in-house – is paying off. “They tackled one of the hardest problems in infrastructure and got it right. What they’ve built isn’t just hard to replicate – it’s nearly impossible. Their advantage lies in the sheer depth of what they’ve achieved.”
With the new funding, Oxide plans to deepen customer engagement and expand availability of its on-premises cloud platform, positioning itself as a long-term infrastructure partner for enterprises that demand control, flexibility, and performance without the tradeoffs of the public cloud.
Discover more from WIREDGORILLA
Subscribe to get the latest posts sent to your email.
