Polish database disruptor Oxla announced it has raised a €10.15 million seed round to redefine high-volume analytical data processing. Backed by TQ Ventures, Lead Ventures, Warsaw Equity Group, and 4growth VC, Oxla will use the funds to drive commercialization and product development, targeting market share from existing leaders and addressing demand from underserved segments in data warehousing.
Oxla is a high-performance distributed analytical database designed from the ground up for large-scale data processing. 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 ideally suited for data-intensive workloads across IoT, industrial applications, e-commerce, and cybersecurity. Uniquely, the product offers an outstanding developer experience (DX), by providing exceptional stability and predictable behavior for seamless integration.
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.”
With the successful completion of its €10.15 million seed funding round, Oxla has 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.
Led 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 those queries, with three more patents pending. These achievements underscore the team’s dedication to advancing the field of data processing.
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. Most 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.
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.”
