The web-data group is building an API for AI agents and plans a San Francisco office as US customers account for half its revenue run rate.
Source launched Tuesday as the umbrella group for Oxylabs and four other web-intelligence businesses, following a Warburg Pincus investment that valued the group at $3.6 billion, Bloomberg reported.
The Vilnius-based group became Lithuania’s sixth privately held company valued above $1 billion this summer. Oxylabs, founded in 2015, will continue as a separate brand.
CEO Vytautas Savickas said about 350,000 technology teams use the group’s products, generating an annual recurring revenue run rate of $350 million. Half comes from the United States, where Source plans to open a San Francisco office.
Savickas said data-processing capacity increased roughly tenfold in the first half of the year as AI demand grew. He said eight of the 10 largest language-model laboratories use its infrastructure, but declined to name them.
Source is developing a web API backed by its own internet index to combine its data-collection tools into a service for AI agents. The product is in early beta and is expected to launch in the coming weeks.
The group employs 800 people worldwide, including more than 350 developers and engineers. Bloomberg identified Israel’s Bright Data as a direct competitor.
Savickas said Source supports access to public web data while maintaining compliance and ethics rules to protect private information and intellectual property.
