{
  "id": 13151762,
  "title": "Our $445M Series D",
  "url": "https://urgent.news/2026/10/09/our-445m-series-d-13151762",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-09T13:12:47.000Z",
  "source": {
    "name": "Hacker News Best",
    "slug": "hacker-news-best",
    "url": "https://oxide.computer/blog/our-445m-series-d"
  },
  "original_language": "en",
  "account": "Oxide Inc. recently achieved a significant milestone after paying income tax, marking the first time a profitable startup has done so. This accomplishment comes as the company's ordinary operations, namely the sale of computers, generated taxable income following the deduction of expenses related to components, manufacturing, salaries, and overall business operations. However, it's important to note that most startups do not pay income tax because they often lack profitability due to substantial costs incurred prior to generating revenue.\n\nThe company has been experiencing a surge in demand for its products, resulting in an expansive order backlog. While this is an extraordinary feat, it also necessitates a significant investment of cash to acquire necessary inventory and fulfill these orders. Oxide's Series B and Series C funding rounds, along with existing debt facilities and the cash generated by the business, have provided a sense of confidence in managing the current order backlog. Nonetheless, the scale of the backlog is substantial, and accepting additional demand would require careful consideration to prevent potential supply disruptions or economic shocks from impacting the company. This highlights the inherent cautionness that comes with the company's experiences during the Dot Com bust.\n\nWith the support of its investors, Eclipse stepped up to lead the Series D round, raising an impressive $445 million. Existing investors, such as USIT, Riot Ventures, and Jane Street, contributed significant amounts, while Friends and Family Capital and Counterpart also participated. New investors, including Atreides Management and AMD, have joined the ranks of Oxide's supporters. Atreides Management, which first connected with Oxide nearly two years ago, has consistently shown faith in the company's potential, particularly valuing its analytical approach and courage in hard-tech investing. Furthermore, AMD has established a long-standing belief in Oxide, having supported the company's breakthroughs, such as its platform enablement software, as well as being a major advocate for AMD EPYC processors. This strategic partnership with AMD further solidifies the long-term vision for Oxide Inc. The company remains committed to its long-term objectives, ensuring longevity and independence, even as it satisfies current demand, expands manufacturing capacity, and invests in the future.",
  "summary": "Article URL: https://oxide.computer/blog/our-445m-series-d Comments URL: https://news.ycombinator.com/item?id=50020014 Points: 281 # Comments: 103",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hacker News",
        "title": "Our $445M Series D",
        "url": "https://urgent.news/2026/10/09/our-445m-series-d",
        "published": "2026-10-09T13:12:47.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}