en.Wedoany.com Reported - Lithuanian data infrastructure company Oxylabs recently secured $130 million in funding from private equity firm Warburg Pincus, valuing the company at approximately $3.6 billion. This marks Oxylabs' first external investment since its founding in 2015.
Oxylabs stated that its annual recurring revenue currently stands at $350 million, with over 350,000 customers. The company is the second unicorn incubated by Tesonet, following NordVPN maker Nord Security, and is among the most valuable enterprises in Lithuania's history.
Oxylabs specializes in large-scale public web data collection infrastructure. It initially started with premium proxy services, routing enterprise requests through multiple addresses to help collect pricing, listings, or risk data without being blocked. The company now positions itself as a complete web data platform, holding over 160 patents and processing billions of requests daily. CEO Vytautas Savickas noted that AI agents are beginning to browse the web more frequently than humans, requiring real-time data rather than static indexes—a market Oxylabs has cultivated for a decade.
The funding comes from the Warburg Pincus Capital Solutions Founders Fund, which raised over $4 billion in 2024. Warburg Pincus previously invested in another Tesonet-backed unicorn, Nord Security, giving it two stakes in Lithuania's data enterprise cluster. Warburg Pincus managing director Allison Ross noted that Oxylabs has established a leading position in the web intelligence field. Savickas believes this validates that Europe can build world-class sovereign technology that AI developers rely on.
The web data business operates in a legal gray area, with both large-scale data scraping and residential proxy networks that access home connections facing scrutiny. Oxylabs prioritizes compliance, co-founding an ethical web data initiative and publishing audit results in a trust center to differentiate itself from what it calls "low-reputation or collapsing providers." The funds will be used for similar business expansion and M&A. Oxylabs acquired Webshare in 2022 and ScrapingBee in 2025. The company stated that this investment enhances its acquisition and partnership capabilities. Goldman Sachs advised on the funding round.
This funding round shows that investors see AI value concentration not just in models themselves, but in the underlying data pipelines they depend on. If agents handle shopping, booking, and research tasks, someone must supply real-time web data. Oxylabs bets that this foundational layer holds lasting value.
