Oxla funding news – Polish-based Oxla Secures €10.15 Million in Seed Funding

Utilization of fund

The funds will help Oxla speed up commercialization and enhance product development aiming to challenge industry leaders and meet the needs of underserved areas in data warehousing.

Kacper Szcześniak, Co-Founder and CEO at Oxla, said: “In 2020, Adam Szymański (Founder and CTO, Oxla) approached me with the idea of building an entirely new analytical database, defying established beliefs about data infrastructure. Having known Adam from previous collaborations, I had no doubts about his technical genius or that he was onto something huge, so I decided to become one of Oxla’s early investors and, later on, join the company. Fast forward to 2024, Oxla is now a 49-person team of exceptionally talented people, driving a product poised to disrupt the data infrastructure space.”

After closing its seed funding round, It has expanded globally by moving its legal incorporation from Poland to Delaware aiming to strengthen its international presence and support future growth.

Oxla offering

Oxla’s cloud-based service is currently available on Amazon Web Services (AWS), with options for Microsoft Azure and Google Cloud Platform coming soon. The team is working on scaling the product to handle tens of petabytes of data and process hundreds of thousands of queries per second, outperforming competitors. Their goal is to build a complete data platform by integrating current analytics tools and adding new features.

Schuster Tanger, Co-Founder and Co-Managing Partner at TQ Ventures, shared his enthusiasm for the partnership with Oxla: “Oxla empowers the rapidly growing universe of data engineers and data scientists that require high-volume data processing. The team’s formidable background, ambitious vision, and relentless execution give us confidence that their analytical database is going to shake up the data infrastructure space.”

Balázs Haszonics, CEO at Lead Ventures, emphasized the significance of Oxla’s innovation: “Oxla is pioneering a new era in data warehousing. Participating in this $11M seed round, one of the largest in the CEE region in recent times, underscores our confidence in Oxla’s vision and exceptional team. Their solution is set to become a new standard in the field, redefining how businesses manage and leverage data. Lead Ventures is committed to investing in transformative technologies, and Oxla’s innovations perfectly align with our mission.”

Jan Nalbert, Investment Manager at Warsaw Equity Group, reflected on their early commitment to Oxla: “In April 2022, our first investment in Oxla was for a 10 member team and a product still in MVP stage. Then, Oxla’s impressive technological foundation, particularly in speed and efficiency, truly stood out. Trust in Adam and Kacper, and the product’s potential to disrupt the market, led us to back the company, even though earlier than our typical investment target. Now, Oxla has made remarkable progress, especially commercially. We are thrilled to participate in this investment round and continue supporting the project as it evolves.”

About Oxla

Oxla is a high-performance database built for large-scale data processing. It offers up to 10 times faster query speeds and 85% lower costs than competitors like Snowflake, Databricks and ClickHouse making it ideal for industries like IoT, e-commerce and cybersecurity.

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