Oxide Raises $100M Series B Funding to Advance Cloud Computing Vision
By
spatulon
10mo ago· 5 min readenNews
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Summary
Oxide has successfully raised a $100M Series B funding round, led by USIT with participation from existing investors. This funding more than doubles the company's total capital raised to date, positioning Oxide to achieve its long-term aspirations of becoming a generational company. The article reflects on the company's journey since its inception in 2019 and its vision for the future of cloud computing.
Key quotes
· 3 pulledWe have raised a $100M Series B, led by a new strategic partner in USIT with participation from all existing Oxide investors.
Our $100M Series B more than doubles our total capital raised to date — and positions us to make Oxide the generational company that we have always aspired it to be.
Our thesis was that cloud computing was the future.
Raising our Series B round of financing
