Oxide Expands with $100 Million Boost to Revolutionize Cloud Servers
Deal News | Jul 30, 2025 | Rally Ventures Management LLC
Oxide Computer Company, a cloud server builder, has successfully raised $100 million to expand its manufacturing and logistics capabilities and accelerate product development. Aimed at businesses keen on internal cloud computing setups without the dependency on major cloud providers like Amazon AWS, Google, or Microsoft, Oxide offers complete server systems combined with essential software, eliminating additional licensing hurdles. The firm's recent Series B funding round was led by Thomas Tull's U.S. Innovative Technology Fund, with substantial participation from past investors like Counterpart Ventures, Eclipse, Intel Capital, and Riot Ventures. Oxide's ambitious expansion comes on the heels of rising demand, where clients are ordering in the hundreds. The company had previously acquired $44 million in a Series A funding round, bringing its total fundraising to nearly $190 million.
Sectors
- Cloud Computing
- Technology Hardware
- Software and IT Services
Geography
- United States – Oxide Computer Company is headquartered in the U.S. and the funding round was led by a U.S.-based fund. The article's context and participants are predominantly U.S.-oriented.
Industry
- Cloud Computing – Oxide Computer Company is developing cloud server systems that allow businesses to manage their own cloud infrastructure internally, competing against traditional cloud service providers like AWS, Google Cloud, and Microsoft Azure.
- Technology Hardware – Oxide focuses on designing and manufacturing server hardware systems from the ground up, including server racks with integrated software solutions.
- Software and IT Services – Oxide emphasizes the importance of software in running secure and efficient cloud server systems, offering complete solutions that do not require additional software licenses.
Financials
- $100 million – Amount raised by Oxide in its Series B funding round.
- $44 million – Amount raised by Oxide in its previous Series A funding round.
- $190 million – Total amount raised by Oxide after the Series B funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Oxide Computer Company | Target | Company | A company developing and manufacturing cloud server systems with integrated software for businesses to manage their own cloud infrastructure. |
| Rally Ventures | Investor | Company | Participated in Oxide Computer Company's Series B funding round to support its expansion and development of cloud server systems. |
| Thomas Tull's U.S. Innovative Technology Fund | Lead Investor | Company | Led the $100 million Series B funding round for Oxide Computer Company. |
| Counterpart Ventures | Investor | Company | A previous investor in Oxide, they participated in the latest funding round. |
| Eclipse | Investor | Company | A venture firm that previously invested in Oxide and participated in the Series B funding round. |
| Intel Capital | Investor | Company | The strategic investment arm of Intel Corporation, participated in Oxide's Series B round. |
| Riot Ventures | Investor | Company | One of Oxide's investors, participating in the latest funding round. |
| Steve Tuck | CEO | Person | Chief Executive Officer of Oxide Computer Company, advocating for in-house cloud computing solutions. |