Oxla, a Warsaw-based startup, has raised $11 million in a seed funding round to rethink high-volume analytical data processing. Oxla's database was created from the ground up for large-scale data processing, Chief of Staff Krzysztof Andrzejewski shared on his LinkedIn page.
About Oxla
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Oxla is a stealth-based system which has been in development since 2020. It offers a faster and cost-efficient solution for data processing in industries like IoT, e-commerce, and cybersecurity.
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With a ten-fold faster execution speed and 85% lower costs compared to traditional data warehouses, Oxla provides stability and predictable behavior for seamless integration, empowering data engineers and scientists with efficient high-volume data processing.
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Led by Google alumnus Adam Szymański, the team has secured three patents for an innovative system for controlling data flow in query engines and dynamic execution, with three more in process.
Investment details
The fresh seed funding was provided by TQ Ventures, a leading VC firm based in New York City, Lead Ventures, aBudapest-based VC and PE firm, Warsaw Equity Group, and 4growth VC, a Polish private VC fund.
“Oxla is pioneering a new era in data warehousing. Participating in this $11M seed round, as the company claims ‘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,” Balázs Haszonics, CEO at Lead Ventures, pointed out.
The money will help the company speed up its worldwide commercialisation efforts and product development, establishing it as a powerful rival in the data infrastructure area, which is presently dominated by industry giants such as Snowflake, Databricks, and ClickHouse.
