Oxide Computer Raises $445M Series D to Scale Turnkey Data Center Racks

Oxide Computer raised $445 million in a Series D funding round led by Eclipse Capital, with participation from AMD Ventures, Riot Ventures, and Jane Street. The startup sells pre-integrated data center racks containing 24 hardware modules, with each sled hosting an up to 144-core AMD CPU, 1.64 terabytes of memory, and up to 300 terabytes of flash storage. Oxide relies on a custom chip called the Oxide Server Processor to optimize module operating temperatures, manage power flow, and handle firmware updates across the rack. The company is currently upgrading its computing sled design to host graphics cards and plans to partner with AMD on the initiative. "The accelerating pace of on-prem cloud computing projects has required us to scale manufacturing capacity by 20x over the past 12 months, and yet demand still exceeds supply," said Oxide co-founder and Chief Executive Steve Tuck.