The round was led by Thomas Tull's US Innovative Technology Fund (USIT), with participation from existing investors including Eclipse, Riot Ventures, Jane Street, and more.

Oxide Computer Company designs and delivers unified hardware and open source software to provide hyperscaler-class efficiency, performance, and ease of use on-premises for enhanced security, latency, and control. Founded in 2019 and based in Emeryville, California, Oxide is backed by leading investors and trusted by enterprise customers across industries.