Europe doesn’t mint many $3.6 billion technology companies, and it mints even fewer that quietly sit underneath the AI models everyone else is racing to build. Oxylabs just became one of them. The Lithuania-founded web data infrastructure firm has taken a $130 million (€113.6 million) investment from private equity giant Warburg Pincus, a deal that values the company at $3.6 billion (€3.1 billion) and, by Oxylabs’ own account, makes it the highest-valued web data infrastructure platform in the world.
The pitch behind that number is straightforward: as AI agents start crawling and reading the open web far more aggressively than humans ever did, the plumbing that feeds those systems clean, real-time public data becomes strategically valuable. Oxylabs, founded in 2015, sells exactly that — large-scale web scraping and public data collection tools used by developers and, it says, dozens of Fortune Global 500 companies.
Predictably, the company is using the milestone to make a political argument. Oxylabs frames the raise as proof that European-built technology can compete at the top of the AI stack — and as ammunition in the ongoing fight over the EU’s regulatory posture. “This achievement shows that Europe has the potential to build sovereign, world-class technology that top AI developers depend on,” said CEO Vytautas Savickas, who argues that “too many barriers to innovation” are pushing breakthrough ideas offshore to the US and Asia.
Chief Strategy and Governance Officer Denas Grybauskas was blunter, calling much of the bloc’s approach “rushed, inefficient regulation” and pointing to the EU AI Act as legislation that leaves “many innovative ideas dead on arrival” in the region. It’s a self-interested read — a fast-scaling data company would obviously prefer lighter rules — but it lands amid a genuine European debate about whether the AI Act went too far, too fast.
A buyer as well as a seller
Notably, Oxylabs hasn’t just been raising money; it’s been spending it. The company acquired Silicon Valley’s Webshare in 2022 and France’s ScrapingBee in 2025, folding both into an ecosystem it says now serves the developer community building AI agents. CFO Jurgis Rudgalvis says those deals broaden the product lineup for a market shifting fast toward agentic AI.
For context on the backer: Warburg Pincus manages more than $105 billion in assets and has invested in over 1,100 companies since 1966, so a nine-figure growth check here is a considered bet, not a moonshot. The harder questions come next. Web scraping sits in a perennially contested legal and ethical zone — copyright fights, bot-blocking and site terms-of-service disputes are constant — and “ethically sourced public data” is a claim the whole industry leans on but regulators keep probing. A $3.6 billion valuation raises the stakes on getting that part right. For now, though, Oxylabs has the rarest thing in European tech: a headline number big enough to force the AI-sovereignty conversation it wants to have.
