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

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. A decade of bootstrapping, then one big check The valuation puts Oxylabs second among Lithuania’s most valuable unicorns. Only Vinted, the secondhand fashion marketplace, sits higher. A unicorn, for the uninitiated, is a privately held startup valued at $1 billion or more. Oxylabs reported annual recurring revenue of approximately $350 million as of July 2026. ARR is the subscription-style income a company expects to collect over a year, the kind investors love because it tends to show up again next year. The company’s reach is broad. Oxylabs says it serves more than 350,000 technical teams across 180 countries. As of October 2026, it employs over 800 people and holds between 160 and 180 patents. Why AI companies want what Oxylabs sells The company specializes in...