Oxylabs, a Lithuanian web-data and proxy-network company, has closed its first-ever external funding round: $130 million from Warburg Pincus, at a $3.6 billion valuation. Bootstrapped since 2015 to $350 million in annual recurring revenue and 350,000+ customers, Oxylabs becomes Europe's second Tesonet-incubated unicorn and one of Lithuania's most valuable private companies.
The valuation—roughly 10–12x ARR—reflects investor appetite for live-data infrastructure as AI agents increasingly replace static, pre-indexed information with real-time web access. Oxylabs' Headless Browser and Web Unblocker enable autonomous AI systems to scrape, interpret, and act on the open web at scale. The company has already acquired Webshare (2022) and ScrapingBee (2025), signaling M&A strategy to deepen its moat.
For infrastructure plays feeding agentic AI, the round underscores a durable market: capital is flowing to specialized SaaS vendors below the model layer that offer high-margin recurring revenue and defensible network effects. Oxylabs' funding also highlights how bootstrapped, niche-but-profitable tech companies can command outsized multiples when their problem domain becomes mission-critical to a new architecture—in this case, the plumbing that lets AI agents shop, research, and transact.