Private cloud infrastructure startup Oxide Computer raises $200M

The funding will help the company scale and meet growing demand for 'cloud ownership'.

Published on Feb. 9, 2026

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Private cloud infrastructure startup Oxide Computer Co. has reportedly raised $200 million in a fresh round of funding, led by the U.S. Innovative Technology Fund. This comes less than a year after the company raised $100 million in a Series B round. Oxide develops cloud-like data center equipment targeted at enterprises that require the agility and convenience of public cloud computing services, as well as the control, cost-effectiveness and security of on-premises infrastructure.

Why it matters

Oxide's technology provides a middle ground between public cloud and traditional on-premises infrastructure, allowing enterprises to benefit from cloud-like capabilities while maintaining more control and security. The fresh funding will help the company scale to meet growing customer demand for this 'cloud ownership' model.

The details

Oxide's flagship product is the Oxide Cloud Computer, a 1.15-ton integrated rack system that combines custom servers, storage and networking hardware with a specialized operating system called Helios. Each rack can hold up to 64 servers powered by 64-core AMD CPUs, 1.09TB of RAM, and 64TB of flash storage. The system is designed to be easily set up and managed, with features like automatic network traffic management and server failover.

  • Oxide was founded in 2019.
  • The company raised $100 million in a Series B funding round less than a year ago.
  • The latest $200 million funding round was announced on February 9, 2026.

The players

Oxide Computer Co.

A private cloud infrastructure startup that develops cloud-like data center equipment for enterprises.

U.S. Innovative Technology Fund

The lead investor in Oxide's latest $200 million funding round.

Steve Tuck

Oxide's co-founder and Chief Executive Officer.

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What they’re saying

“The latest funding will help the company to scale and meet the growing customer demand for 'cloud ownership' and accelerate its overall roadmap.”

— Steve Tuck, Co-founder and CEO (Axios)

The takeaway

Oxide's private cloud infrastructure solution provides enterprises with the agility and convenience of public cloud services, combined with the control, cost-effectiveness and security of on-premises infrastructure. The fresh $200 million in funding will help the company scale to meet growing demand for this 'cloud ownership' model.