Oxylabs Raises $130 Million for Data Infrastructure Expansion

Lithuanian technology company Oxylabs announced it has raised $130 million in investment from private equity firm Warburg Pincus. The deal values the Oxylabs group at $3.6 billion, providing the business with additional capital to expand its data platform.

This funding marks Oxylabs' first external capital raise after more than a decade of bootstrapped growth. The capital injection is intended to address the accelerating demand for web data infrastructure driven by AI agents, which require continuous access to current information from the open web for tasks such as market monitoring, product comparison, and online task completion.

Oxylabs reported achieving $350 million in annual recurring revenue (ARR) and stated its platform is utilized by over 350,000 technology teams worldwide. Having operated on a self-funded basis since its founding in 2015, this significant investment from Warburg Pincus represents a strategic shift in how the company plans to finance its next phase of expansion.

"As AI agents begin to navigate the web far more than humans ever have, the future belongs to the data infrastructure that grounds these systems in real-time, interruption-free knowledge," said Oxylabs CEO Vytautas Savickas. He noted the company has spent the past decade developing infrastructure for large-scale access to public web data.