nextbigwhatSTAY CURIOUS

Oxylabs secures $130M in funding, hits unicorn status

Oxylabs has raised $130 million in its first funding round, achieving a valuation of $3.6 billion and expanding its offerings beyond web proxy services.

ON THIS PAGE

THE NBW BRIEF

  • Oxylabs has raised $130 million from Warburg Pincus, marking its first external funding round.
  • The funding elevates the company’s valuation to $3.6 billion, solidifying its unicorn status.
  • Originally a proxy service, Oxylabs now offers advanced web intelligence tools for AI model developers.

[via]

Make sense of what's next.

A clear-eyed digest of AI, products, and ideas worth understanding. Join the NextBigWhat newsletter.

Free. Unsubscribe anytime.

more AI news

China’s AI sector faces valuation collapse amid export concerns

The Chinese tech stock market is experiencing a significant downturn as high valuations in the AI sector plummet. This decline is driven by growing fears over the demand for AI technologies and recent export restrictions impacting the industry. As a result, China’s AI bubble appears to have burst, contrasting with the precarious state of global tech stocks.

Anthropic files for IPO

Anthropic has officially filed its IPO prospectus, signaling plans for a potential stock-market launch in November. The filing details the company’s financials and growth strategy as it aims to capitalize on the booming AI sector. This move marks a significant step for Anthropic as it seeks to attract investors and expand its market presence.

Load More