Oxla – a high-performance distributed analytical database designed from the ground up for large-scale data processing – announced it raised $11 million in seed funding. And Oxla reinforced its status as a global company by completing its transition from a Polish domicile to US legal incorporation in Delaware, a strategic move aimed at strengthening its international presence and facilitating further growth.
With 10 times faster analytical query execution speeds and up to 85% lower costs compared to data warehouses from Snowflake, Databricks or ClickHouse, Oxla is suited for data-intensive workloads across IoT, industrial applications, e-commerce and cybersecurity. And the product offers an outstanding developer experience (DX), by providing exceptional stability and predictable behaviour for seamless integration.
Oxla’s goal is to empower data engineers and data scientists by setting a new standard for efficiency in high-volume data processing. Developed in stealth mode since 2020, Oxla’s foundation is rooted in database science and research. And in January 2024, the company’s analytical database became generally available, marking the beginning of customer acquisition. Oxla is prepared to enter an aggressive commercialization stage with the product reaching enterprise software maturity.
Headed by Google alumnus and three-time CTO Adam Szymański, Oxla’s expert team of database scientists has secured three patents related to an innovative system for controlling data flow in query engines and the dynamic execution of the queries, with three more patents pending. And these achievements underscore the team’s dedication to advancing the field of data processing.
As Oxla accelerates its commercialization, its reach has expanded globally, with customers spanning four continents. And in an era of increasing regulations on data processing and cross-border data transfers, Oxla is unique in offering fully managed and self-hosted cloud deployment options and on-premises hosting, allowing customers to maintain complete control over their data.
Oxla’s fully managed cloud offering is currently available on Amazon Web Services, with deployment options for Microsoft Azure and Google Cloud Platform in the final stages of development. More notably, the team is working to scale the product’s performance even further, aiming to handle tens of petabytes of data and process hundreds of thousands of queries per second—capabilities that remain beyond the reach of competitor solutions. Looking ahead, Oxla’s goal is to create a comprehensive data platform by integrating existing analytics solutions and launching additional products.
KEY QUOTES:
“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.”
– Kacper Szcześniak, Co-Founder and CEO at 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.”
– Schuster Tanger, Co-Founder and Co-Managing Partner at TQ Ventures
“Oxla is pioneering a new era in data warehousing. Participating in this $11 million 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.”
– Balázs Haszonics, CEO at Lead Ventures
“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.”
– Jan Nalbert, Investment Manager at Warsaw Equity Group
