Oxide Computer Raises $445M Series D After Paying Income Tax
Our $445M Series D
Oxide Computer has raised a $445M Series D led by Eclipse, with participation from existing investors USIT, Riot Ventures, and Jane Street, plus new investors Atreides Management and AMD. The company recently paid income tax from profitable operations and has a large order backlog. The funding will help satisfy backlog, expand manufacturing, and invest for the long term.
In the spring, we hit a pretty wild milestone: Oxide paid income tax. And not because of some unusual transaction or one-time event, but because our ordinary operations (selling computers!) generated taxable income after accounting for the costs of components, manufacturing, salaries, and running the rest of the business.
- passive
Sounds like a great company raising money for the right reasons.
Oxide continues to be one of the most inspiring companies in the space, I was just encouraging someone to apply there yesterday. :)
- simonw
Love the photo caption "FIGURE 1. US BEING AS EXCITED AS YOU CAN BE PAYING TAXES".
Oxide are so good at comms.
- arpinum
I'm surprised they didn't go the debt route, trade finance could cover their customer orders. I know they are risk averse in case companies back out of orders, but bringing on more shareholders is its own form of risk.
Is something else going on here, are they locking in orders from AMD and other suppliers beyond their current order backlog?
- tosh
with agentic coding lock in @ AWS and Google Cloud is evaporating fast
a few days ago I migrated a non-trivial firestore app to sqlite
10x less latency (10x requests / second)
migration took a few minutes (+ 2 days of prep)
just a few months ago that would have been infeasible or at least nerve wracking
- bihla
Maybe the most thoughtful fundraising announcement I’ve seen. Focusing on all the right stuff.
- thatsabadlook
Awesome company, awesome products. I wish they pushed AI less in their socials, like we get it computers and servers means ai workloads. It just devalues their whole image in my opinion. Hope you all do continue to do awesome things and don't become evil.
- ahl
FYI previous discussion of the series D https://news.ycombinator.com/item?id=49174407
- meta-level
Probably I'm blind.. is there any form of imprint on their page? An address?