“True rack-scale design, bringing cloud hyperscale innovations around density, efficiency, cost, reliability, manageability, and security to everyone running on-premises compute infrastructure.”
Corey Quinn interviewed the founders on his podcast "Screaming in the Cloud", where they explain the need for innovation in that space.
https://www.lastweekinaws.com/podcast/screaming-in-the-cloud...
Basically, on-premises hardware is years behind what companies like Facebook and Google have in-house, it may be time to close that gap.
They also have a podcast, "On The Metal", which is such a joy to listen to. Their last episode with Jonathan Blow was really a treat.
https://oxide.computer/podcast/
It's mostly anecdotes about programming for the hardware-software interface, if that's your thing ;).