Oxide Computer Company has raised $445 million to expand production of the Cloud Computer, a rack-scale system that lets enterprises and public-sector organizations run cloud-style infrastructure inside facilities they control. Eclipse led the Series D, with existing backers and new investors including AMD Ventures participating.
An operator installs the rack in its own data center, while developers provision virtual machines through a web console, command line, API or Terraform. They can allocate processing and memory, import operating-system images, set tenant quotas and monitor computing, storage and network activity through one control plane.
The integration is the point. Oxide designs the computing, storage, networking and management software as one system rather than asking customers to assemble a rack from separate products. Oxide has described the model as selling the computer, with its open-source system software included and no separate licensing.
The new capital will provide working capital for components and additional manufacturing. Oxide says it increased manufacturing capacity 20-fold during the past 12 months, but customer demand still exceeds what it can currently produce.
The Series D follows a $200 million Series C announced on February 10, 2026, which Oxide said would support its product roadmap, manufacturing and customer service. About eight months later, the new round is more than twice that financing’s size.
Oxide says it reached profitability earlier in 2026. Its customers span financial services, government, national laboratories, aerospace and other compute-intensive fields, where organizations use the systems for workloads they want to keep on infrastructure they own and operate.
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