Warsaw-based Oxla, an emerging player in high-volume data processing, has raised $11 million in seed funding to accelerate its global expansion and enhance its innovative data infrastructure platform. The funding round saw participation from investors like TQ Ventures, Lead Ventures, Warsaw Equity Group, and 4growth VC. The fresh capital will support Oxla’s commercialization efforts and product development, positioning it as a serious challenger to data infrastructure giants such as Snowflake, Databricks, and ClickHouse.
Fast, Cost-Efficient Data Processing
Oxla’s cutting-edge analytical database boasts query speeds up to ten times faster than traditional data warehouses, with cost savings of up to 85%. This makes it an attractive option for industries handling vast amounts of data, including IoT, e-commerce, and cybersecurity. Co-Founder and CEO Kacper Szcześniak emphasized Oxla’s disruptive potential, explaining how his collaboration with Founder and CTO Adam Szymański led to a transformative approach to data infrastructure, first conceived in 2020.
“Adam’s technical genius and vision convinced me that Oxla would revolutionize how businesses manage and process data,” said Szcześniak. “Today, with a talented team of 49 people, we’re well on our way to achieving that.”
Global Adoption and Cutting-Edge Performance
Launched publicly in January 2024, Oxla’s platform has already gained traction across four continents, with its distributed database excelling in independent ClickBench benchmarks. Oxla’s technology, which separates query processing from storage, allows it to dynamically scale based on demand, providing both speed and efficiency for data-heavy tasks in sectors like industrial applications and retail.
The platform operates on a flexible pricing model, charging $0.06 per hour per vCPU for self-hosted setups and $0.08 per hour per vCPU for AWS deployments. The fully managed Oxla Cloud service costs $1.976 per hour, including license fees and storage.
Plans for Expansion
Oxla intends to use its new funding to expand its commercial presence, focusing on U.S. incorporation in Delaware and further scaling its operations. With a roadmap that includes deployment on Microsoft Azure and Google Cloud, Oxla plans to handle tens of petabytes of data and execute hundreds of thousands of queries per second. The startup’s rapid growth is supported by its strong intellectual property portfolio, with three patents granted and three more pending, primarily focused on hashmap optimization algorithms.
Bright Prospects in a Booming Market
Investors see enormous potential in Oxla as the global data analytics market, projected to reach $346 billion by 2030, continues to grow. Schuster Tanger, Co-Founder of TQ Ventures, highlighted Oxla’s focus on solving critical challenges for data engineers and scientists in need of large-scale processing solutions. He expressed confidence in Oxla’s ability to disrupt the sector.
Balázs Haszonics, CEO of Lead Ventures, echoed this sentiment, stating, “Oxla is pioneering a new era in data warehousing. We’re thrilled to support their journey as they set new standards for how businesses manage and leverage data.”
As Central and Eastern Europe (CEE) attracts increasing venture capital, Oxla’s $11M seed round stands out, further cementing the region’s growing reputation as a hub for tech innovation. With its focus on redefining data infrastructure, Oxla is poised to be a key player in the next generation of data analytics solutions.