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Oxide Computer raises $445M (SEC Form D)

https://www.sec.gov/Archives/edgar/data/1795071/000179507126000002/xslFormDX01/primary_doc.xml
93•depr•1h ago

Comments

fishgoesblub•1h ago
I've seen posts about Oxide for years now, but do they actually ship hardware? I've never seen images, or posts about companies with their new Oxide Thingamajig™
vsgherzi•1h ago
as far as I can tell, yes?

It seems like Jane street and lawrence national laboratory are two confirmed customers.

fishgoesblub•1h ago
With those two names it makes more since that I haven't seen anything regarding their use. Not exactly Joe Schmoe LLC as customers.
mihaelm•1h ago
Joe Schmoe LLC will probably do just fine by sticking to popular clouds. I reckon adopting Oxide Computer would pay off at much larger volumes of traffic, or if you have to do on-prem due to regulatory reasons.

It would be nice to know more about pricing so the Enthusiast Joe can have a better idea, but it's more a boutique vibe right now.

throw0101d•1h ago
The CEO of Shopify tweeted about it at one point:

* https://twitter.com/tobi/status/1793798092212367669

ahl•1h ago
We've shipped kind of a lot of hardware at this point!
esseph•16m ago
Most of their customers wouldn't be the type to let others know.
bithavoc•1h ago
(VP of Eng here) I filled out their sales form last year and never heard from them. We're currently spending $900k/year on AWS, and they didn't even acknowledge my request. crazy stuff.
ahl•1h ago
Hit me up @oxidecomputer.com
Alien1Being•51m ago
Logical.

They probably will be aquihired by someone like Broadcom.

boomskats•31m ago
I expect the majority of Oxide's customers are actively trying to escape Broadcom's VMWare hell. Can't see how something like that would make sense.
MisterTea•29m ago
Makes sense for Broadcom.
a2ff6eeb0•14m ago
It makes sense for Broadcom to remove that avenue of escape, and it makes sense for Oxide's investors to charge a premium to Broadcom, and materialize their returns.

The customers will have to deal with it, of course. At least they bought physical systems instead of renting them, so they can use them until they're obsolete.

LennyWhiteJr•49m ago
I will implicitly trust anything Jessie Frazelle works on. Rare combination of taste, skill, and passion.
sscarduzio•37m ago
yep, another fan here!
Aurornis•10m ago
She stepped down several years ago.

She was still listed as an advisor in some capacity, but she moved on to a different startup.

bkolobara•42m ago
They just raised $200M in February and $100M a year ago.
dgellow•23m ago
Preparing for an IPO maybe?
shofetim•39m ago
Woot!, they are on a tear:

2023: Series A 44 Million https://oxide.computer/blog/oxide-unveils-the-worlds-first-c...

2025: Series B 100 Million https://oxide.computer/blog/our-100m-series-b

2026: Series C 200 Million https://oxide.computer/blog/our-200m-series-c

2026: Series D 445 Million https://www.sec.gov/Archives/edgar/data/1795071/000179507126...

dkbrk
•
6m ago
[delayed]
elzbardico•46m ago
If your CIO is not ideologically averse on paying people instead of paying jeff bezos, you can save money even buying dell.
api•31m ago
You are 100% correct but you’d be shocked at the mortal terror that “self hosting” inflicts in the minds of even people who should really know better.

Also forget Dell. Check out DataPacket.com and other metal hosters. You don’t need to physically rack unless you are huge or have special hardware or security needs.

The cloud industry has done an incredible job at a kind of soft pervasive propaganda that running stuff is “hard.”

antonvs•6m ago
You’re expressing a very narrow engineer’s perspective that doesn’t consider the realities of managing bare metal hosting at any kind of scale.

These are business decisions, made in terms of core competencies, capex vs. opex, and the difficulties and cost of building out a reliable, sustainable hosting operation that handles all the compliance and security requirements, and the full range of “ilities” that real businesses have to deal with.

The fact that Bob in IT might be capable of doing some of this on his own doesn’t really enter into the picture. It’s not relevant.

ellieh•45m ago
tbf they are probably looking for customers with cloud spend ending in 'm'
Sayrus•40m ago
We had the opposite experience. We contacted them through their form this year and they were happy to discuss with us even when we communicated from the beginning we wouldn't be customer in the short to medium term and even for single rack systems.
MichaelZuo•18m ago
How did that compare to the big firms? HPE, Dell, and so on.
esseph•17m ago
You don't go to oxide for lowest cost.
api•32m ago
Say you are spending $1M. Round up. Or even 0.9M. Their sales might only return inquiries with cloud costs ending in M.

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Oxide Computer raises $445M (SEC Form D)

https://www.sec.gov/Archives/edgar/data/1795071/000179507126000002/xslFormDX01/primary_doc.xml
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