Lithuanian-founded internet data infrastructure company Oxylabs has secured a US$130 million investment from global private equity firm Warburg Pincus, raising its valuation to US$3.6 billion. The deal makes Oxylabs Lithuania’s sixth unicorn and the country’s second most valuable unicorn.
Founded within the Tesonet business ecosystem in 2015, Oxylabs will use the investment to strengthen its competitive position and accelerate the development of next-generation products.
Warburg Pincus has acquired a minority stake in the company. The transaction has already been completed.
“The investment from Warburg Pincus will enable us to grow even faster, strengthen product development and continue implementing our long-term strategy,” said Vytautas Savickas, Chief Executive Officer of Oxylabs.
Oxylabs provides web data collection, web scraping and proxy infrastructure services that enable businesses to access and collect publicly available information online.
Its technology is used by companies operating in areas including artificial intelligence, cybersecurity, e-commerce and financial services.
As artificial intelligence systems increasingly depend on current and reliable online information, Oxylabs is expanding from its origins as a proxy service provider into a broader web data infrastructure platform.
The company serves more than 350,000 technical teams worldwide and holds 160 patents, 50 of which were registered last year.
Warburg Pincus said Oxylabs had established itself as one of the leaders in internet data infrastructure through its advanced technology and extensive network.
Oxylabs has also expanded through acquisitions. In 2022, it acquired Silicon Valley-based Webshare Software Company, while French-founded web scraping company ScrapingBee joined the group last year.
Warburg Pincus is headquartered in New York and manages more than US$100 billion in assets. Its active portfolio includes more than 215 companies.
Lithuania’s Growing Unicorn Ecosystem
Oxylabs is the sixth technology company associated with Lithuania to achieve a valuation of more than US$1 billion.
Lithuania’s unicorn ecosystem also includes second-hand fashion marketplace Vinted, cybersecurity company Nord Security, online classifieds operator Baltic Classifieds Group, women’s health technology company Flo Health and cloud infrastructure optimisation company Cast AI.
Cast AI became Lithuania’s fifth unicorn in January 2026 after an investment raised its valuation above US$1 billion. Although the company was founded in the United States, it has developed its technology in Vilnius since its early stages and operates its largest engineering centre in the Lithuanian capital.
With a valuation of US$3.6 billion, Oxylabs is now Lithuania’s second most valuable unicorn, behind Vinted and ahead of Nord Security, which was previously valued at approximately US$3 billion.
The investment further strengthens Lithuania’s position as a growing European technology hub and demonstrates the ability of companies developed in the country to compete globally in artificial intelligence, cybersecurity and data infrastructure.
