🌍 Europe Jul 23, 2026 · Emerging Europe Insight

Chasing unicorns

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Chasing unicorns
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Unicorns are badges of honour for many countries, but the success of a start-up ecosystem cannot be measured by mythical creatures alone.



Just six months after Cast AI, an automation platform for cloud native and AI workloads, crossed the billion-dollar mark, Lithuania has produced another unicorn. With Oxylabs, a web intelligence and data infrastructure provider, reaching a 3.6 billion US dollars (3.1 billion euros) valuation following a 130 million US dollars investment from Warburg Pinc

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