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After more than a decade of bootstrapped growth, Oxylabs is taking outside capital for the first time as the rapid development of AI agents accelerates the growing demand for the web data infrastructure the company has spent years building.
The Lithuania-founded technology company has received a $130 million investment from private equity firm Warburg Pincus, valuing the Oxylabs group at $3.6 billion. The deal places Oxylabs among Lithuania’s highest-valued technology companies and gives the business additional capital to expand its data platform as AI developers build systems that increasingly need access to current information from the open web.
Oxylabs says it has reached $350 million in annual recurring revenue and its platform is used by more than 350,000 technology teams worldwide. The company has remained bootstrapped since its founding in 2015, making the Warburg Pincus deal a significant change in how it plans to finance its next stage of growth.
“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,” Oxylabs CEO Vytautas Savickas said.
The timing of the investment is closely tied to the growing infrastructure requirements across data-driven industries and especially surrounding agentic AI. AI models can contain extensive learned information, but agents designed to monitor markets, conduct research, compare products, or complete online tasks need access to information that changes continuously.
That creates a different technical problem from training a model on a large collection of historical data. An agent operating in real time has to navigate websites, retrieve current information, and continue working when the structure of the web changes. As more companies deploy autonomous systems, the number of machine-driven interactions with the internet could increase substantially.
Oxylabs has spent the past decade developing infrastructure for large-scale access to public web data. Its global network handles billions of requests daily, while its products are used across e-commerce intelligence, cybersecurity, travel, brand protection, and other industries where current online information can influence business decisions.
AI is now adding another source of demand to that existing market.
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