New Lithuanian unicorn: Oxylabs ends bootstrapped streak after securing €113.6 million at €3.1 billion valuation

Oxylabs, a Vilnius-based data infrastructure platform, has secured €113.6 million ($130 million) in funding from Warburg Pincus, valuing the company at €3.1 billion ($3.6 billion).

This marks Oxylabs’ first external investment since its founding in 2015 and makes it the second bootstrapped unicorn to emerge from the Tesonet accelerator, a Lithuanian venture builder led by a founders’ office.

The investment is being made by the Warburg Pincus Capital Solutions Founders Fund. The company plans to use this capital to further extend its competitive advantage and accelerate the development of next-generation products and capabilities.

Vytautas Savickas, Chief Executive Officer, Oxylabs, said, “The next generation of AI won’t be powered by static indexes that only capture yesterday’s internet. As AI agents begin to navigate the web far more than humans ever have, the future belongs to the live infrastructure that grounds these systems in real-time, interruption-free knowledge.

“This is exactly what Oxylabs has spent the last decade building as a responsible, compliant, and ethical operator — infrastructure that already serves many uses, and that this new era depends on. With Warburg Pincus, we will build on our lead in agentic web search infrastructure and product development, and continue executing our long-term strategy.”

Founded in 2015, Oxylabs is a web intelligence platform and premium proxy provider, enabling companies of all sizes to utilise the power of big data. The company describes itself as a leading global data infrastructure platform purpose-built for the AI era, providing foundational components of the search and web intelligence ecosystem and the next generation of AI models, agents, and enterprise systems. It helps companies worldwide gather web data at scale and turn it into actionable insights.

It originated as a premium proxy service and is evolving into a full-stack web-data infrastructure platform that empowers AI systems to access, interpret, and act on the open web at scale while delivering trusted, structured data to leading Fortune 500 companies.

The company states that it follows an ethical procurement process that is designed to ensure that every IP address in its network comes from an informed and consenting user who receives value in exchange for sharing their traffic.

It claims that its services are compliant with GDPR, CCPA, and other data-related legislation from all around the world. Oxylabs is also one of the founding members of the Ethical Web Data Collection Initiative (EWDCI).

“From co-founding the Ethical Web Data Collection Initiative (EWDCI) and creating an industry-first ethical proxy procurement framework spearheaded by one of the biggest passive income applications out there (Honeygain) Oxylabs continues to stress the importance of responsible practices and draws a clear line between the legitimate industry it represents and the actions of providers with low or collapsing reputations,” Vytautas Kirjazovas, head of Communications at Oxylabs, mentioned in a blog post.

The company currently serves more than 350,000 customers and generates €305.8 million ($350 million) in annual recurring revenue (ARR). “We have proven our ability to execute as the leader in data infrastructure platforms with our portfolio of leading Fortune 500 and AI company customers. As we continue to scale our platform, we will focus on expanding and strengthening our global network, further advancing our technology, and delivering even greater value to our customers around the world,” said Jurgis Gabrielius Rudgalvis, Chief Financial Officer, Oxylabs.

Kirjazovas mentions in the blog post that this capital provides Oxylabs with resources to accelerate its strategy of leveraging its firm market position to provide a reliable data infrastructure layer for the agentic web. This investment will also expand the company’s capabilities in acquisitions and partnerships, building further on the acquisitions of Webshare Software in 2022 and ScrapingBee in 2025.

“Both acquisitions, enhancing our ecosystem’s product offering, allow us to better serve the diverse needs of the developer community as it continues to build AI agents and other crucial technologies of the unfolding future. We will further look for corporate development opportunities that will result in the next-generation tech products for the consumer,” added Rudgalvis in the blog post.