Lithuania’s Oxylabs raises $130M from Warburg Pincus at a $3.6bn valuation
Oxylabs has raised $130M from private equity firm Warburg Pincus. It is the company’s first outside investment since it launched in 2015. The deal values the Vilnius-based data infrastructure firm at around $3.6bn. Oxylabs announced the raise on Thursday.
The figure is striking for a firm that bootstrapped its way to the top. Oxylabs says it now runs at $350m in annual recurring revenue. It counts more than 350,000 customers. That makes it the second unicorn to spin out of the Tesonet accelerator, after NordVPN maker Nord Security. It is also one of the most valuable companies in Lithuania’s history.
Selling shovels for the agentic web
Oxylabs sells the plumbing for gathering public web data at scale. It began as a premium proxy service. That kind of tool routes a company’s requests through many addresses, so it can collect prices, listings, or threat data without getting blocked. Today it pitches...
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