AI startup Anaconda raises $150M at $1.5B valuation, led by Insight Partners

Anaconda, the AI startup behind one of the most widely used open-source Python platforms for data science and AI development, has raised $150 million in a new funding round led by Insight Partners.

The round, which included participation from Abu Dhabi’s Mubadala Capital, pushes Anaconda’s valuation to $1.5 billion, Bloomberg News reported, citing a person familiar with the deal.

Anaconda Raises $150M in Series C Funding to Meet Rising Enterprise Demand for Open-Source AI Tools

The funding comes as enterprise demand grows for open-source development tools that make it easier for data scientists and developers to build AI models. Anaconda, long known for its Python distribution and data science packages, has carved out a space among developers who prefer open tools over black-box solutions. Now, it’s looking to take that influence further.

Anaconda plans to use the new funding to accelerate product development, explore strategic acquisitions, and grow its presence internationally, the company said in a news release. Some of the funds will also provide liquidity for employees—a move that signals internal confidence as the company scales.

Anaconda’s timing is no accident. U.S. startup funding has bounced back in a big way this year, with AI deals leading the charge. PitchBook data shows U.S. startups pulled in $69.9 billion over the past three months alone, with AI infrastructure and software startups drawing major checks from both VCs and sovereign wealth funds. Mubadala, one of Abu Dhabi’s biggest investment arms, has been increasingly active in the space.

“As agents and compound AI systems gain traction, companies need a foundational platform to effectively manage key open source artifacts and components to drive fast, scalable innovation. Anaconda takes this a step further by layering simplicity and security to AI in enterprise landscapes,” says George Mathew, Insight Partners Managing Director. “As enterprises move from specialized data science to generalized AI systems, we believe Anaconda is incredibly well-positioned for this generational shift.”

The company has been moving beyond its original Python packaging roots, launching a new AI platform and forming a partnership with Databricks to broaden its reach. It’s also been quietly building out its leadership team, bringing in executives with experience in enterprise tech and product innovation.

The push comes as more organizations shift from experimental AI use cases to more serious production deployments. That transition has sparked a new wave of interest in flexible, open tools—something Anaconda has specialized in since its founding.

With fresh capital, heavyweight backers, and a growing footprint in enterprise AI, Anaconda is betting that open-source development will have a long-lasting seat at the table as AI moves deeper into business operations.

Anaconda says 95% of the Fortune 500—including companies like Panasonic, AmTrust, and Booz Allen Hamilton—depend on its AI platform to source, secure, build, and deploy AI in one centralized environment. With more than 21 billion downloads and over 50 million users worldwide, the company has become a go-to solution for Python-based data science and AI development. Backed by investors like Insight Partners, Anaconda continues to position itself as the enterprise standard for organizations building serious AI applications.

Anaconda was founded in 2012 by Peter Wang and Travis Oliphant to make Python more accessible for business data analytics. Since then, Python has become the most widely used programming language in the world—and Anaconda has grown alongside it. The company now employs more than 300 people globally and supports a user base of over 40 million.