Oxla Secures $11M Seed Funding to Revolutionise High-Volume Analytical Data Processing

Warsaw-based startup Oxla raises $11 million in Seed funding to redefine high-volume data analytics with a lean, high-performance architecture.

October 23, 2024 – Warsaw, Poland: Oxla, a startup specializing in large-scale data processing, has raised $11 million in Seed funding. The round was led by TQ Ventures, with participation from Lead Ventures, Warsaw Equity Group, and 4growth VC. Oxla is poised to disrupt the data infrastructure space with its cutting-edge database, designed to significantly reduce both cost and time in high-volume data processing.

Oxla’s proprietary architecture is engineered to deliver ten times faster query execution speeds while cutting costs by up to 85% compared to major competitors such as Snowflake, Databricks, and ClickHouse. The system is optimised for data-intensive workloads across sectors like IoT, industrial applications, e-commerce, and cybersecurity, making it a game-changer for data engineers and scientists managing large volumes of information.

Kacper Szcześniak, Co-Founder and CEO at Oxla, shared his excitement:
“In 2020, Adam Szymański, our CTO and founder, presented the concept of building a revolutionary analytical database. His technical expertise was unmatched, and I quickly became one of Oxla’s early investors. Today, Oxla is a team of 49 experts, all working toward reshaping data infrastructure globally.”

Oxla, developed in stealth mode since 2020, boasts three granted patents and three more pending for its innovations in query engines and dynamic execution control. These advancements allow Oxla to manage tens of petabytes of data and process hundreds of thousands of queries per second—a scale yet to be achieved by its competitors.

Adam Szymański, Co-Founder and CTO at Oxla, commented:
“Our database architecture was designed to challenge the established norms of data infrastructure. With our latest funding, we’re focusing on scaling our product to deliver even more robust performance and integrating additional analytics solutions to offer a comprehensive data platform.”

As part of its growth strategy, Oxla recently transitioned from a Polish to a US legal entity, incorporated in Delaware, cementing its global ambitions.

Schuster Tanger, Co-Founder and Co-Managing Partner at TQ Ventures, expressed confidence in Oxla’s vision:
“Oxla is empowering a rapidly growing ecosystem of data engineers and scientists. Their team’s deep expertise, combined with a clear vision and relentless execution, positions them to shake up the data infrastructure landscape.”

Oxla’s first backers, including Warsaw Equity Group, have noted the company’s exceptional progress since its early MVP stage in 2022.

Jan Nalbert, Investment Manager at Warsaw Equity Group, remarked:
“We invested in Oxla when it was a 10-person team with an MVP. The product’s technological foundation, particularly its speed and efficiency, impressed us from the start. We are excited to continue supporting Oxla’s remarkable journey.”

Oxla plans to utilise the new funding to accelerate commercialisation and enhance product development, with the goal of capturing market share from established leaders and addressing growing demand in underserved segments of data warehousing.