In a nutshell

• Polish Oxla, a platform offering database creation solutions, secured a $11 million seed funding round.
• The startup is backed by TQ Ventures, Lead Ventures, Warsaw Equity Group, and 4growth VC.
• The company 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.

Designed for IoT, industrial applications, e-commerce, and cybersecurity

Polish Oxla is a distributed analytical database, specifically designed for large-scale data processing. It is suited for data-intensive workloads across IoT,  industrial applications, e-commerce, and cybersecurity.

Oxla announced their successful seed round, totalling $11 million (€10.1 million), backed by TQ Ventures, Lead Ventures, Warsaw Equity Group, and 4growth VC. 

Developed since 2020, Oxla’s foundation is rooted in database science and research. Kacper Szczesniak, Co-Founder and CEO at Oxla, shared: “In 2020, Adam Szymanski (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.” 

Oxla accelerates commercialization with its innovative database

The data analytics market is set to grow significantly, with its size estimated at $57.66 billion in 2023. It is expected to expand at a compound annual growth rate (CAGR) of 24.79% over the forecast period from 2024 to 2031.

Oxla’s mission is to empower data engineers and data scientists by setting a new standard for efficiency in high-volume data processing. In January 2024, the company’s analytical database became  generally available, marking the beginning of customer acquisition. 

“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,” said Jan Nalbert, Investment Manager at Warsaw Equity Group.

Oxla’s executives plan to utilize the funds to accelerate commercialization and product development. The company, founded in Warsaw and now legally incorporated in Delaware, US, is introducing patented technology to speed up data queries and lower costs when processing data. In the future, Oxla aims to build a comprehensive data platform by integrating current analytics solutions and launching new products in the future.