I used to think that Oxide's business model sucks in the face of the hyperscalers. When AWS/GCP/Azure "just works" and is generally reliable and cheap, why would I go through the trouble of buying my own computers? Well the past 5 years have been a constant decline towards more concentration of power, lack of care for their customers, and degradation in quality in general. AI is of course accelerating this decline - selling de-slopped products is now a huge competitive advantage. All the best luck to Oxide.
- Series C in Feb 2026 $200M
- Series D now $445M
I expect the next round soon :)
In reality, it could very well be investors just saying “we’re so happy with how things are going, we want more, take our money!!!”
The economics are going to look different than all the sloppified enterprise SaaS startups that charge crazy amounts for a crappy data lake product on S3.
This includes everything from the rack itself to the PDU/switch/BMC, to the actual server blade and its chassis.
All presented in a nice package to give you a on-prem cloud-like experience.
you buy one or more of the data-centre-rack-sized computers, hook em up to each other / your datacentre network, and you now have essentially a cloud services platform like AWS/Azure, in your own datacentre, under your control, with full visibility of what every part of the platform is doing (hypervisor, underlying bare metal kernel, firmware, bootloader, etc), because it's ALL open source, written from the ground up by them
I think it's pretty neat!
https://oxide.computer/blog/the-cloud-computer
Basically they sell a pre-assembled rack of compute, storage and networking with their own open source management software to build on-premise clouds.
I have no idea why you'd buy that over any of the more established players that have a proven track record of being able to support these multi-million dollar machines for many years.
Hoping they hire for a position in my area of expertise some day!
IBM is more than 100 years old and has brought us a lot of innovations of the modern era.
To give a trivial example the relational model for databases was theorized by F. Codd while working at IBM Research (see https://en.wikipedia.org/wiki/A_Relational_Model_of_Data_for... for further details)
IBM still does a bunch of stuff, mainly in the research area. They just don't sell netvista/aptiva computers and ibm laptops since like 2005 or so. They still develop and sell mainframes though.
I'm not sure about the pricing.