Oxylabs Hits $3.6B Valuation in First Funding Round

Jan de Vries · 2026-07-10

Oxylabs, a Vilnius-based data infrastructure platform, just landed a massive $130 million investment from Warburg Pincus. That puts the company's valuation at a cool $3.6 billion. Not bad for a business that bootstrapped its way to success since 2015. This is Oxylabs' first outside funding ever. It's also the second bootstrapped unicorn to come out of the Tesonet accelerator, a Lithuanian venture builder that seems to have a knack for spotting winners. ### The Details of the Deal The money comes from the Warburg Pincus Capital Solutions Founders Fund. Oxylabs plans to use the cash to extend its competitive edge and speed up development of next-gen products. Think of it as giving a race car a turbo boost—they're already fast, but now they're about to get a lot faster. Vytautas Savickas, Oxylabs' CEO, put it this way: "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." He added that Oxylabs has spent a decade building that infrastructure as a responsible, compliant operator. With Warburg Pincus, they'll double down on agentic web search and product development. ### What Oxylabs Actually Does Founded in 2015, Oxylabs started as a premium proxy service. Think of it like a middleman that helps companies gather data from the web without getting blocked. Over time, they've evolved into a full-stack web-data infrastructure platform. Today, they help Fortune 500 companies and AI startups collect web data at scale and turn it into actionable insights. They're basically the plumbing for the AI era—providing the pipes that let AI systems access, interpret, and act on the open web. ### The Ethics Question Web scraping has a bit of a shady reputation, but Oxylabs is trying to change that. They follow an ethical procurement process where every IP address in their network comes from an informed, consenting user who gets something in return. The company claims compliance with GDPR, CCPA, and other data laws worldwide. They're also a founding member of the Ethical Web Data Collection Initiative (EWDCI). "From co-founding the EWDCI and creating an industry-first ethical proxy procurement framework... Oxylabs continues to stress the importance of responsible practices," said Vytautas Kirjazovas, head of Communications. ### Key Numbers to Know - **Customers served:** More than 350,000 - **Annual recurring revenue:** $350 million - **Valuation:** $3.6 billion - **Funding raised:** $130 million (first round ever) That $350 million in ARR is a big deal. It shows Oxylabs isn't just a flash in the pan—they have real, sustainable revenue from real customers. ### What's Next Jurgis Gabrielius Rudgalvis, the CFO, said the company will focus on expanding their global network, advancing technology, and delivering more value to customers. Kirjazovas added that the new capital will accelerate their strategy of providing a reliable data infrastructure layer for the agentic web. It'll also expand their capabilities in acquisitions and partnerships. In plain English: They're going to buy more companies, form more partnerships, and keep building the backbone that powers AI's ability to understand the internet in real time. ### Why This Matters for the Startup World Oxylabs' story is a reminder that you don't always need venture capital to build something huge. They bootstrapped for almost a decade before taking outside money. That's rare in today's startup ecosystem, where companies often raise millions before they even have a product. Their success also highlights the growing importance of data infrastructure. As AI becomes more embedded in our daily lives, the companies that provide the raw material—data—will only become more valuable. So whether you're a founder looking for inspiration or just someone curious about the tech behind AI, keep an eye on Oxylabs. They're building the pipes that will carry the internet's future.