Oxide Computer Company raised $445 million in a Series D round led by Eclipse.

Oxide Computer Company has secured $445 million in a Series D funding round.

The round was led by Eclipse and also saw participation from existing investors, including the US Innovative Technology Fund (USIT), Riot Ventures, Jane Street, and others. New investors Atreides Management and AMD Ventures also joined the round.

According to Oxide, the company reached profitability this year and is now in a position where customer demand exceeds production capacity. The Series D round will provide additional capital to secure components, increase manufacturing, and serve new and existing customers.

"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. "We're well-capitalized, and hit an important profitability milestone earlier this year. This funding will allow us to aggressively invest in the materials and manufacturing scale our customers need for years to come."

Oxide Computer Company is known for its Oxide Cloud Computer, a rack-scale integrated system with purpose-built hardware and open-source software that brings the architectural model of the hyperscale cloud to an organization's own data center.

"The next infrastructure bottleneck is already taking shape. As AI shifts from generating answers to executing work, demand for CPU-based systems is accelerating dramatically," said Seth Winterroth, Eclipse partner. "Oxide was built for this moment. Steve, Bryan, and the team saw years ago that enterprises would need cloud-scale computing they could own and control, and they built the full system to deliver it. Now they're scaling to meet a market that is moving faster than anyone anticipated."

The company previously secured $200 million in a funding round in February 2026, and prior to that, Oxide secured $100 million in its Series B round.

Oxide launched in 2019, announcing its on-prem cloud computing rack system in November 2023. The company has worked with AMD across its hardware and software stack.

Known customers of the Oxide Cloud Computer include CoreSite, the Lawrence Livermore National Laboratory, and Switch.