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Woot!, they are on a tear: 2023: Series A 44 Million https://oxide.computer/blog/oxide-unveils-the-worlds-first-commercial-cloud-computer https://oxide.compu
by shofetim 2mo ago
Woot!, they are on a tear:
2023: Series A 44 Million https://oxide.computer/blog/oxide-unveils-the-worlds-first-commercial-cloud-computer https://oxide.computer/blog/oxide-unveils-the-worlds-first-c...
2025: Series B 100 Million https://oxide.computer/blog/our-100m-series-b https://oxide.computer/blog/our-100m-series-b
2026: Series C 200 Million https://oxide.computer/blog/our-200m-series-c https://oxide.computer/blog/our-200m-series-c
2026: Series D 445 Million https://www.sec.gov/Archives/edgar/data/1795071/000179507126000002/xslFormDX01/primary_doc.xml https://www.sec.gov/Archives/edgar/data/1795071/000179507126...
- reherhrh 2mo agolol why are you cheering?
- kajaktum 2mo agoBecause they now have money to do cool stuff?
- fuzztester 2mo agoshill. or fan, prolly. i don't use the more current word fanboy. ugh. (when older words are good enough, why invent a new word. but I see that as a trend. each new generation wants to distinguish themselves from the past one. So they invent new words as one way of doing that. and some of them get adopted into general circulation or use.) Unless the two words, fan and fanboy, mean the different things, which i'm not interested in checking out anyway.
- HtmlProgrammer 2mo agoperhaps they like their work
- tyre 2mo agoI don’t know who needs to hear this but raising a ton of money is not success. Also interesting from their Series C press release from earlier this year: > With this large Series C, we have entirely de-risked capital going forward, which in turn assures our independence.
- fuzztester 2mo agoGood points. >I don’t know who needs to hear this Plenty of people on this forum need to hear it. Because they think otherwise. >but raising a ton of money is not success. Yes. It's not even an accurate predictor of future success. >With this large Series C, we have entirely de-risked capital going forward, which in turn assures our independence. Independence from whom? If they mean from everyone, they left out two important categories: The Series C givers. The other big C. Customers.
- panick21_ 2mo agoThey mean is that they are much harder to acquire. Their goal is to become an independent public company.
- colesantiago 2mo ago> "independent public company" But they are not independent though, they will be owned by Wall Street should they go public. Instead they remain in the private markets for a long time and sell secondary shares, just like what Stripe is doing. I hope they never go public for the reason that Wall Street would own them.
- benji-york 2mo ago> But they are not independent though, they will be owned by Wall Street should they go public. That depends on how much equity they issue as public stock. (And stock classes and voting rights, but you get the idea.)
- sunshowers 2mo agoI mean, really no one is fully independent — we are all dependent on each other for the necessities of life. But in this context "independent" means "not a subsidiary of another company".
- windexh8er 2mo agoTaking money means they literally are losing control with every dollar. Do you really think that the terms on a $400M+ round don't include influence?
- vivzkestrel 2mo ago- stupid question: how do you go about raising that kinda money consistently - like why wont you fund me a few million dollars to build my deep edtech startup - like what guarantee does this guy give you which i cant
- tintor 2mo agoIt is easier to raise >$100M than few million.
- echelon 2mo agoThe pool of people trying to raise >$100M is smaller. Failures (in terms of typical VC exit trajectory) have mostly been weeded out.
- dasil003 2mo agoBeing the "Apple" of enterprise compute (ie. vertical hardware software integration), solving the layers of aggregrate cruft that every single player in the Linux space (including Facebook/Google and other hyperscalers to some degree) have to deal with for compatibility since no one company has enough leverage to clean up poor or outdated legacy decisions in the stack. This is just a bigger market than anything EdTech, and with a real moat. Plus bonafides and actual evidence they are pulling it off, but that's honestly all gravy on top of the market opportunity.
- pjmlp 2mo agoApple is the survivor of vertical integration on consumer computing, the PC clones were the exception from everyone else in the market. Apple is now having that aura, only because they got really really lucky before the money collectors shown up at the door.
- dasil003 2mo agoSure. What's your point with regards to Oxide?