Lithuanian Web-Data Startup Source Reaches $3.6B Valuation Amid AI Data Hunger

Source, a Vilnius-based data infrastructure company, has become Lithuania's latest unicorn after securing $130 million from Warburg Pincus at a $3.6 billion valuation in July 2026, capitalizing on surging demand from AI developers for real-time public web data. The company—which rebranded as Source in October to consolidate its portfolio of five data-collection brands including Oxylabs, Decodo, ScrapingBee, Webshare, and Honeygain—represents the infrastructure layer powering the AI revolution rather than consumer-facing applications. What began as a bootstrapped startup in 2015 operating from a converted Soviet-era sock factory in Cyber City now processes 1.5 million requests per second across 180 countries, serving over 350,000 technical teams including enterprises, AI labs, and individual developers.