Lithuania-based data infrastructure platform Oxylabs said it has received a $130 million investment from private equity firm Warburg Pincus.
The investment brings the value of the Oxylabs group to $3.6 billion, making it the second unicorn to emerge from Lithuania’s Tesonet accelerator and one of the highest-valued companies in Lithuania’s history.
Oxylabs says it provides “cutting-edge web scraping solutions backed by the world’s largest ethical proxy network.”
The firm said: “Oxylabs is recording $350 million in ARR (Annual Recurring Revenue) as its data platform, trusted by over 350,000 tech teams worldwide, is essential to powering the agentic AI era of internet search.”
Warburg Pincus said: “Oxylabs is 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.
“With over 350,000 customers, Oxylabs has established itself as a critical enabler of large-scale data acquisition across the cybersecurity, e-commerce, and financial industries.
“From its origins as a premium proxy service, the company is evolving into a full-stack web-data infrastructure platform that empowers AI systems to reliably access, interpret, and act on the open web at scale while delivering trusted, structured data to leading Fortune 500 companies.”
Oxylabs CEO Vytautas Savickas said: “As AI agents begin to navigate the web far more than humans ever have, the future belongs to the data 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 – an infrastructure that already serves many uses, and that this new era depends on …
“This achievement shows that Europe has the potential to build sovereign, world-class technology that top AI developers depend on.
“At the same time, it is a moment of pride for Lithuania, demonstrating that market-leading companies like Oxylabs can be built by the relentless work of our talents.
“With Warburg Pincus, we will build on this momentum and our lead in web data infrastructure and product development, and continue executing our long-term strategy.”
Allison Ross, Principal, Warburg Pincus, said: “Oxylabs has established itself as a leader in data infrastructure through its sophisticated, robust, and compliant technology and expansive network.
“We are excited to support the Oxylabs team as they continue to expand their offering to help their blue-chip customers access and unlock data-driven insights.”