● Covered by 1 source · 1 reportMedium impact1 positive
Oxide Raises $445M Series D Funding Round Led by Eclipse
Key points
- Oxide raised $445 million in Series D funding.
- Eclipse led the funding round.
- Existing investors USIT, Riot Ventures, and Jane Street participated.
- Funding addresses large order backlog and growing demand.
Series D Funding Announcement
Oxide announced it has closed a $445 million Series D funding round. The round was led by Eclipse, a long-term investor in the company. This significant capital infusion is intended to support Oxide's operational expansion.
Investor Participation
In addition to Eclipse, several existing investors committed to the Series D round. These include USIT, Riot Ventures, and Jane Street. Other investors such as Friends and Family Capital and Counterpart also participated, indicating continued confidence in Oxide's business model.
Addressing Demand and Backlog
Oxide reported achieving profitability and generating taxable income from its ordinary operations, a rare milestone for a startup. The company also noted a substantial order backlog, with demand exceeding current supply capabilities. The new funding is specifically aimed at securing inventory and fulfilling these orders, which require significant upfront capital in the hardware business.
Strategic Capital for Growth
The company stated that while previous funding and operational cash flow could cover the existing backlog, the scale of demand necessitated additional capital to avoid caution in accepting new orders. This strategic funding allows Oxide to capitalize on its market position without being constrained by supply chain financing challenges inherent in a rapidly growing hardware enterprise.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
The daily brief
One email each morning: the day's tech stories, clustered across outlets and summarized. No account needed.
One email a day. Unsubscribe in one click, any time.
Today's brief
Spend a few minutes, get the whole day. Every topic's top stories in one hands-free rundown — listen, watch, or read the transcript.
▶ Play today's brief
New every morning, and the back catalogue is archived by date.
Reporting from
Oxide, a computer hardware company, secured $445 million in Series D funding led by Eclipse, with participation from existing investors USIT, Riot Ventures, and Jane Street. This funding will enable Oxide to manage its significant order backlog and meet growing demand for its hardware products.