Oxylabs Raises $130M for AI Data Infrastructure Expansion
Lithuania-based Oxylabs, a web data infrastructure company, has received $130 million in funding from Warburg Pincus to accelerate AI data infrastructure expansion, valuing the company at $3.6 billion. This investment will bolster its tech stack, pursue strategic acquisitions, and support real-time internet data for AI advancements.
Key points
- Oxylabs, a Lithuania-based web data infrastructure company, has received $130 million in funding from private equity firm Warburg Pincus.
- The investment values Oxylabs at $3.6 billion, marking the first outside capital since its launch in 2015.
- The capital will be used to accelerate the expansion of Oxylabs' product roadmap, bolster its tech stack, and pursue strategic acquisitions.
- Oxylabs' technology supports artificial intelligence advancements with its real-time capabilities, handling billions of web requests each day and holding over 160 patents.
- The company's infrastructure has been utilized by e-commerce firms, the cybersecurity sector, and market research entities for tasks such as competitor pricing analysis and cybersecurity threat tracking.
- Oxylabs' CEO Vytautas Savickas expects future AI to rely heavily on real-time internet information.
Oxylabs, a Lithuania-based web data infrastructure company, has secured a significant investment of $130 million from private equity firm Warburg Pincus. This funding, which values the company at $3.6 billion, marks the first outside capital since Oxylabs' launch in 2015.
The investment will be used to accelerate the expansion of Oxylabs' product roadmap, bolster its tech stack, and pursue strategic acquisitions. This move is expected to further support the company's mission to provide real-time internet data for AI advancements.
Oxylabs' technology has been utilized by various industries, including e-commerce firms, the cybersecurity sector, and market research entities. Its infrastructure enables these companies to gather competitor pricing information, analyze consumer purchasing patterns, track cybersecurity threats, and identify fraudulent practices.
The company's CEO, Vytautas Savickas, believes that future AI will heavily rely on real-time internet information. With this investment, Oxylabs is well-positioned to capitalize on this trend and continue to drive innovation in the AI data infrastructure space.
Sources
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