Oxylabs becomes Lithuania’s latest unicorn as AI fuels demand for web data

The Vilnius-based web scraping firm raised $130 million from Warburg Pincus at a $3.6 billion valuation, ending a decade of bootstrapping Lithuania has another unicorn, and this one makes its money by reading the internet faster than anyone else. Oxylabs, the Vilnius-based web scraping and proxy company, joined the billion-dollar club in July 2026 after taking a $130 million investment from private equity firm Warburg Pincus. The deal values the company at $3.6 billion. That is a striking number for a firm that spent its first decade without outside funding. The valuation puts Oxylabs second among Lithuania’s most valuable unicorns.

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