Vilnius-based Oxylabs has secured its first-ever external investment, raising €113.6 million ($130 million) from Warburg Pincus after a decade of bootstrapping. The deal values the company at €3.1 billion ($3.6 billion).

The investment marks the first outside capital Oxylabs has accepted since its founding in 2015, making it the second bootstrapped unicorn to emerge from the Lithuanian tech ecosystem builder Tesonet.

Oxylabs develops web intelligence and data acquisition infrastructure, providing proxy networks and web scraping solutions that enable businesses to collect public web data at scale while bypassing IP blocks, CAPTCHAs, and geo-restrictions.

"The future belongs to the live infrastructure"

As AI agents increasingly rely on live web data rather than static, pre-indexed information, the company plans to use the funding to strengthen its leadership in web intelligence infrastructure and accelerate the development of next-generation products and capabilities.

"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. This is exactly what Oxylabs has spent the last decade building as a responsible, compliant, and ethical operator — infrastructure that already serves many use cases, and that this new era depends on."

— said Vytautas Savickas, CEO of Oxylabs.

"With Warburg Pincus, we will build on our lead in agentic web search infrastructure and product development, while continuing to execute our long-term strategy," Savickas concluded.

The investment comes as demand for high-quality web data infrastructure accelerates alongside the rise of autonomous AI agents. Rather than funding day-to-day operations or helping the company reach product-market fit, the capital will support product development, strategic acquisitions, and the expansion of Oxylabs' AI-focused web intelligence infrastructure.

The second bootstrapped unicorn from Lithuania

Today, Oxylabs employs more than 2,000 people and serves over 350,000 customers worldwide. The company has reached €305.8 million ($350 million) in annual recurring revenue (ARR) without raising external capital, underscoring the scale it achieved as a bootstrapped business.

"We have proven our ability to execute as the leader in data infrastructure platforms with our portfolio of leading Fortune 500 and AI company customers. As we continue to scale our platform, we will focus on expanding and strengthening our global network, further advancing our technology, and delivering even greater value to our customers around the world."

— said Jurgis Gabrielius Rudgalvis, Chief Financial Officer at Oxylabs.

The deal also reinforces Tesonet's reputation as one of the Baltics' most successful startup builders and highlights the strength of Lithuania's growing AI ecosystem. Oxylabs follows cybersecurity company Nord Security as the second bootstrapped unicorn to emerge from the Lithuanian technology group's ecosystem.

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