Oxide Computer Company Secures $100M in Series B to Scale Cloud Infrastructure for On-Premises Computing

Oxide Computer Company, a pioneer in on-premises cloud computing, announced it has raised $100 million in Series B funding. The round was spearheaded by US Innovative Technology Fund (USIT), led by Thomas Tull, and included participation from all existing investors.

This substantial capital infusion more than doubles the company’s total funding to date and will support Oxide’s next-phase plans—expanding manufacturing capabilities, enhancing customer support, and accelerating delivery of its roadmap to meet the growing demand for integrated, on-premises alternatives to public cloud systems.

“Our customers want the agility and developer experience of the public cloud—without surrendering control,” said Steve Tuck, CEO and Co-Founder of Oxide. “This funding empowers us to scale confidently and sustainably, aligning with that growing demand and delivering a durable infrastructure solution.”

While the broader computing industry has seen rapid innovation over the past two decades, much of that progress has remained confined to hyperscaler data centers. Oxide was founded to bridge that gap by bringing the cloud’s developer-first experience and operational efficiency directly into on-premises IT environments.

With true hardware–software co-design, Oxide’s rack-scale systems deliver key cloud-native features—like API-driven infrastructure, elastic storage, and seamless updates—minus the limitations or vendor lock-in of public cloud options.

“Our mission demanded first-principles engineering and deep integration—from firmware and hypervisor, to the control plane and programmable switch,” said Bryan Cantrill, CTO and Co-Founder. “The result? A unified infrastructure that sidesteps complexity, vendor finger-pointing, and fragmentation—and delivers real benefits in security, efficiency, and agility.”

Gaetano Crupi, Managing Director at USIT, emphasized the timing: “Infrastructure is at a turning point—outsourcing critical compute to public clouds is no longer a given. Oxide delivers the first truly integrated, cloud-capable infrastructure that customers fully own while meeting modern needs around performance, security, and cost.”

Seth Winterroth, Partner at Eclipse, added: “Oxide made a contrarian, high-conviction gamble on solving one of the most complex infrastructure challenges—achieving hyperscaler efficiency on-premises. They’ve built with exceptional technical rigor, and now the market is converging on their vision. Their greatest moat is simply how hard it is to build what they’ve already accomplished. They have the team, culture, and clarity to build something enduring—and this is just the beginning.”