Oxide Computer Raises $44M in Series A

Oxide Computer has successfully raised $44M in a Series A at a $200M valuation led by Eclipse Ventures, Lux Capital, Intel Capital, Counterpart Ventures.

Company Overview

Oxide Computer is a Hardware company headquartered in 1251 California Street, San Francisco, CA 94109, founded in 2019 with 80+ employees.

Rack-scale computer systems

Fundraising Details

Amount Raised: $44M
Round Type: Series A
Valuation: $200M
Date: 2024-05-08
Investors: Eclipse Ventures, Lux Capital, Intel Capital, Counterpart Ventures

About Oxide Computer

Rack-scale computer systems The company is positioned in the Hardware sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 1251 California Street, San Francisco, CA 94109
Founded: 2019
Team Size: 80+
Industry: Hardware

What This Means

This funding round demonstrates strong investor confidence in Oxide Computer's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Hardware sector continues to attract significant investment as companies innovate to meet evolving market demands. Oxide Computer's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $200M valuation marks an important milestone for Oxide Computer, positioning the company among notable players in the Hardware industry.

Looking Ahead

With this new capital, Oxide Computer is well-positioned to execute on its growth strategy and continue building innovative solutions in the Hardware space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-08. For more information about Oxide Computer, visit their headquarters at 1251 California Street, San Francisco, CA 94109.