Oxide Computer Company, a San Francisco, CA-based creator of a commercial cloud computer, raised $44M in Series A funding.
The round, which brought the total mount to $78M, was led by Eclipse with participation from Intel Capital, Riot Ventures, Counterpart Ventures, and Rally Ventures.
The company intends to use the funds to accelerate production for Fortune 1000 enterprises.
Co-founded by Steve Tuck and Bryan Cantrill, Oxide Computer Company is the creator of a commercial cloud computer, a rack-scale system with unified hardware and software, purpose built to deliver cloud computing to on-premises data centers. With it, enterprises can realize the economic and operational benefits of cloud ownership, with access to the same self-service development experience of public cloud, without the public cloud cost. Oxide empowers developers to build, run and operate any application with enhanced security, latency, and control, and frees enterprises to up-level IT operations to accelerate strategic initiatives.
Customers include the Idaho National Laboratory as well as a global financial services firm.
FinSMEs