Oxylabs secures $130 million from Warburg Pincus, achieving a valuation of $3.6 billion.
Oxylabs has secured $130 million from the private equity firm Warburg Pincus. This marks the company's first external investment since its inception in 2015. The agreement values the Vilnius-based data infrastructure company at approximately $3.6 billion. Oxylabs announced the funding on Thursday.
This figure is remarkable for a company that has self-funded its growth. Oxylabs reports an annual recurring revenue of $350 million and serves over 350,000 customers. It is the second unicorn to emerge from the Tesonet accelerator, following Nord Security, the creator of NordVPN. Furthermore, it is among the most valuable companies in the history of Lithuania.
Providing tools for the agentic web
Oxylabs offers the infrastructure for large-scale public web data collection. Initially, it operated as a premium proxy service, which allows a company to route its requests through multiple addresses to gather prices, listings, or threat data without being blocked. Today, it markets itself as a comprehensive web-data platform with over 160 patents and manages billions of requests daily.
The timing is crucial. AI agents are increasingly navigating the web more than humans, requiring a live feed of available data rather than outdated indexes. “The next generation of AI won’t be powered by static indexes,” stated CEO Vytautas Savickas, suggesting that this is the market Oxylabs has been developing for the past decade.
Warburg’s second investment in Lithuania
The investment comes from the Warburg Pincus Capital Solutions Founders Fund, which closed in 2024 with over $4 billion. This isn’t Warburg Pincus’s first venture in Vilnius, as the firm also supports Nord Security, providing it with stakes in Lithuania’s emerging yet influential cluster of data companies.
“Oxylabs has positioned itself as a leader in web intelligence,” remarked Allison Ross, a principal at Warburg Pincus. For Oxylabs, this deal signifies a milestone for European technology, with Savickas emphasizing that it demonstrates Europe's capability to develop world-class technology essential for AI developers.
An industry with a complex reputation
The web-data sector comes with challenges. Large-scale scraping often occupies a legal grey area, and the residential proxy networks involved face scrutiny regarding the sources of their home connections. Oxylabs emphasizes compliance to distinguish itself in the market. The company co-founded an ethical web-data initiative and references audits at its trust center. Additionally, it differentiates itself from what it terms “providers with low or collapsing reputations.”
The funding will be used for ongoing operations, as well as potential acquisitions. Oxylabs acquired Webshare in 2022 and ScrapingBee in 2025, indicating that this investment will enhance its capacity for future partnerships and purchases. Goldman Sachs provided advisory services for the fundraising.
Why this is significant
This investment illustrates where investors believe AI value is concentrating. It's not merely in the models themselves, but also in the infrastructure supporting them. As AI agents conduct shopping, booking, and research on our behalf, there must be a reliable source of real-time web data. Oxylabs is betting on the notion that this foundational layer will prove to be enduring.
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Oxylabs secures $130 million from Warburg Pincus, achieving a valuation of $3.6 billion.
Oxylabs of Lithuania has secured $130 million from Warburg Pincus, achieving a valuation of $3.6 billion to develop web data infrastructure for the era of agentic AI.