Oxide Closes $200M Series C To Scale On-Premises Cloud Computing
Oxide Computer News, Friday, February 13th, 2026
Thomas Tull's USIT fund and existing investors deepen commitment as Oxide secures long-term independence and focuses on customer expansion
Oxide Computer, an on-prem cloud computing company, announced it has raised its $200 million Series C led by Thomas Tull's US Innovative Technology Fund (USIT), with participation from existing investors including Eclipse, Riot Ventures, Jane Street, and more.
Oxide designs and manufactures the Oxide Cloud Computer, a rack-scale integrated system, with purpose-built hardware and open-source software, that delivers a modern cloud experience on-premises. For enterprises historically forced to cobble together their own on-premises systems, the Oxide Cloud Computer provides the self-service, API-driven experience previously available only from hyperscale cloud providers, with better performance, sovereignty, and economics.