Sounds like a great company raising money for the right reasons.

Oxide continues to be one of the most inspiring companies in the space, I was just encouraging someone to apply there yesterday. :)

Love the photo caption "FIGURE 1. US BEING AS EXCITED AS YOU CAN BE PAYING TAXES".

Oxide are so good at comms.

Oxide is so cool, I just wish the hiring process was a little less crazy. I spent such an incredible amount of time on my application just to not hear anything for months until I got the rejection.

I'm surprised they didn't go the debt route, trade finance could cover their customer orders. I know they are risk averse in case companies back out of orders, but bringing on more shareholders is its own form of risk.

Is something else going on here, are they locking in orders from AMD and other suppliers beyond their current order backlog?

with agentic coding lock in @ AWS and Google Cloud is evaporating fast

a few days ago I migrated a non-trivial firestore app to sqlite

10x less latency (10x requests / second)

migration took a few minutes (+ 2 days of prep)

just a few months ago that would have been infeasible or at least nerve wracking

Commenting about the unique compensation to ruin someone’s bingo card :)

Maybe the most thoughtful fundraising announcement I’ve seen. Focusing on all the right stuff.

Awesome company, awesome products. I wish they pushed AI less in their socials, like we get it computers and servers means ai workloads. It just devalues their whole image in my opinion. Hope you all do continue to do awesome things and don't become evil.

I found myself confused about what they actually do. They sell you a server rack + software stack that you keep on-prem? The comparison between traditional cloud vs. on-prem vs. oxide is vaguely worded and I can't figure out if their hardware is physically stored on-prem or not.

Maybe I'm just tired!

With series B,C and now D, makes one wonder; will there be any shares left for the original team?

Really cool company! Checking out the state of the product I would have expected to see a gpu / tpu server there. Is this on the roadmap?

FYI previous discussion of the series D https://news.ycombinator.com/item?id=49174407

awesome job to the whole team. Congrats Bryan and everyone!

> Well, yes, it is: most startups don’t pay income tax because most startups aren’t profitable! Indeed, startups seek investment because they have costs long before they have revenue, let alone gross profit — let alone income. This is by design: profitability is a lagging indicator of product/market fit (the adventure in venture capital is investing long before the business has materialized!).

Venture Capital is one of the greatest engines of growth, and fitting for the vast majority of early stage tech companies, it is interesting to see how changes in business economics may result in niche, differing capital structures. Eg. Companies which sell RL envs have vastly different economics than a food delivery app.

sovereign compute is the only way out of tiranny

if these guys just capture 1% of spend that's on AWS, Azure & Google Cloud they will still be very big.

Probably I'm blind.. is there any form of imprint on their page? An address?

Also time for the quarterly reminder that On the Metal / Oxide and Friends is an excellent podcast if you're into Rust and/or EE. Bryan and co. do such a good job keeping the technical discussions entertaining. Seems like an awesome place to work, too.

Excellent podcast, still not sure about their stack. No GPU support is a hard sell these days.

Couldn't happen to a better bunch of people.

I used to think that Oxide's business model sucks in the face of the hyperscalers. When AWS/GCP/Azure "just works" and is generally reliable and cheap, why would I go through the trouble of buying my own computers? Well the past 5 years have been a constant decline towards more concentration of power, lack of care for their customers, and degradation in quality in general. AI is of course accelerating this decline - selling de-slopped products is now a huge competitive advantage. All the best luck to Oxide.

may the Sun never set

- Series B in Jul 2025 $100M

- Series C in Feb 2026 $200M

- Series D now $445M

I expect the next round soon :)

I still don't get Oxide's offering. Anyone care to give me the skinny?

That's enough that they can drive down to Central Computers and grab a 32GB stick.

Always happy to see Oxide growing. The way their company is run is pretty close to how I think all engineering orgs should run.

Hoping they hire for a position in my area of expertise some day!

$445M is a lot of money.

Congrats to the Oxide team!

Is this the new IBM?

I really wish they had a SOHO offering, would love to run this with NextCloud and personal projects from home.

Congrats!

Excellent news! It's wonderful to see a great company succeeding.

I'm interested in exploring what it would be like to use them but... there's no pricing page? I don't even know where to begin.

A legit business? Raising legit money?? In this economy???

Wake me up please

Congrats! Now it does get tricky - because once you tempt investors with a profit they start worrying about your spending and expect you to keep a profit.