Oxide Raises $100M Series B to Revolutionize On-Premises Cloud Computing

Oxide, a cloud infrastructure company, announced a $100M Series B funding round led by USIT, with participation from existing investors. This brings Oxide's total funding to over $189M, solidifying its position as a leader in reimagining cloud computing hardware and software. Oxide is building an end-to-end solution for on-premises cloud computing, redesigning everything from the hardware to the software. Despite early market skepticism, Oxide's technical prowess and clear vision won over investors, leading to successful product launches and positive customer feedback. This funding will allow Oxide to scale its product offerings, manufacturing, system, and operations.