Oxide Computer Company today unveiled the world's first commercial Cloud Computer, a true rack-scale system with fully unified hardware and software designed for on-premises cloud computing. The company also announced a $44 million Series A financing round led by Eclipse with participation from Intel Capital, Riot Ventures, Counterpart Ventures, and Rally Ventures to accelerate production for Fortune 1000 enterprises. This brings the company's total financing raised to date to $78 million.

Despite the rapid rise of cloud computing, the vast majority of IT infrastructure today continues to live outside the public cloud in on-premises data centers, where enterprises are forced to cobble together a set of disjointed hardware and software components to run their businesses. Since its inception, Oxide's mission has been to solve this problem, developing the first unified product that delivers the developer experience and operational efficiencies of the public cloud to on-premises environments.