Lithuanian data firm Oxylabs secures $130M from Warburg Pincus, valued at $3.6B
Lithuanian data infrastructure company Oxylabs has announced its first external funding round, securing $130 million from private equity firm Warburg Pincus. This significant investment values the Vilnius-based company at approximately $3.6 billion. The funding marks a major milestone for Oxylabs, which had previously operated on a bootstrapped model since its inception in 2015. The announcement was made on Thursday. Oxylabs is known for its web intelligence solutions, providing businesses with access to public web data.
This substantial funding round for Oxylabs, a company that achieved growth through self-funding, highlights the increasing investor appetite for data infrastructure and web intelligence solutions. The significant valuation suggests a strong market perception of the value and future potential of accessible public web data. As AI continues to drive demand for vast datasets, companies like Oxylabs are positioned to play a critical role. This capital infusion will likely accelerate Oxylabs' expansion and technological development, potentially setting new benchmarks in the competitive landscape of data acquisition and management. Investors are betting on the continued expansion of the data economy and the critical need for reliable data pipelines.
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