For decades, organizations have been left with only two choices, both requiring compromise: Rent the cloud and hand over control, or jerry-rig a stopgap from a half-dozen vendors. The right solution would require rebuilding the entire compute stack.
That was a mountain even the hyperscalers only climbed for themselves. Oxide climbed it for everyone else.
Today, the world’s most demanding organizations run critical workloads on Oxide’s rack-scale cloud computers. They have the capabilities of the public cloud, on infrastructure they own. They are the fastest-growing hardware/software systems company Eclipse has ever seen, and this spring they hit a milestone almost no startup ever reaches: They paid income tax. Most startups are not profitable, Oxide is and shows no signs of slowing down. Revenue grew nearly 80-fold between 2025 and 2026.
The timing couldn’t be better. The world does not have enough compute, and the organizations building with AI don’t want to pour their most valuable data into infrastructure someone else controls. They want everything the cloud can do, on machines that belong to them. That’s exactly what Oxide delivers, and why everyone wants to work with them.
But it wasn't always this way. For the first few years, few people even knew who Oxide was — and even fewer believed they could do what they said they would. While there are now new pools of capital dedicated to this exact space (raised by people claiming to have discovered it), it was a much quieter market when we first started working with Oxide in 2019.
Eclipse met Oxide right when they launched, when Bryan Cantrill, Steve Tuck, and the team set out to deliver a true cloud experience on infrastructure customers could own. Doing that meant building something no one else had tried to build as a single system, from hardware and firmware through networking and software. And then they had to manufacture the damn thing at scale.
