Oxide raised $445M to expand production after reaching profitability
Eclipse led the October 9th Series D, which included AMD Ventures and Jane Street; Axios reported Oxide's valuation at $6B.
By Ryan Merket · Published
Primary source: x.com
Why it matters
Oxide is raising growth capital for manufacturing after saying it reached profitability, putting the test on customer demand for cloud-like infrastructure that enterprises own and operate.
Oxide Computer Company raised $445 million in a Series D to expand production of its rack-scale cloud computers, weeks after saying it had reached profitability. The round, announced October 9th, was led by Eclipse; Axios reported that the financing valued Oxide at $6 billion. The company did not include a valuation in its own announcement.…
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