Anaconda Secures $150 Million in Series C Funding, Boosting AI and Data Science Capabilities

AI startup Anaconda raises $150 million in Series C funding led by Insight Partners

July 31 (Reuters) - Anaconda, a leading provider of open-source Python software for data science and AI, has raised more than $150 million in a Series C funding round led by Insight Partners, with additional participation from Abu Dhabi's Mubadala Capital. The funding round values the startup at $1.5 billion, Bloomberg News reported, citing a person familiar with the matter. The company said on Thursday the fresh capital will support product development, potential acquisitions, and international expansion, as well as provide liquidity for employees. The funding comes amid increased competition in the enterprise AI software sector, with Python continuing to dominate as the programming language of choice for AI development. U.S. startup funding has surged 75.6% in the first half of 2025, led by the AI boom, putting it on track for its second-best year ever, even as venture capital firms struggled to raise money, according to PitchBook. This year's boom has been driven largely by major AI investments and bold bets from big tech companies, a wave of activity set off by the debut of ChatGPT in late 2022. In the past three months alone, $69.9 billion was invested in U.S. startups. Anaconda did not immediately respond to a Reuters request for comment regarding the valuation. The company is seeking to capitalize on growing enterprise demand for open-source tools as organizations shift from isolated data science projects to broader AI applications. The startup has also expanded its leadership team, hiring executives with backgrounds in enterprise technology and product innovation. The funding follows Anaconda's launch of a new AI platform and a partnership with Databricks. Reporting by Kritika Lamba in Bengaluru; Editing by Shailesh Kuber Our Standards: The Thomson Reuters Trust Principles., opens new tab

Anaconda raises $150M+ to speed up Python-based AI projects - SiliconANGLE

Developer tooling provider Anaconda Inc. today announced that it has closed a Series C funding round worth more than $150 million. According to the company, Insight Partners led the investment with participation from Mubadala Capital. Bloomberg reported that Anaconda is now valued at $1.5 billion. The cash infusion comes a few weeks after the company's annualized recurring revenue topped $150 million. Anaconda provides a software toolkit, the Anaconda AI Platform, that makes it easier to build artificial intelligence software and perform data analysis using the Python programming language. Python is the most widely used language in machine learning projects. One factor behind its popularity is that it has a concise syntax, which reduces the amount of code developers must write. Another core selling point of Python is that it has a large number of packages. Those are open-source code bundles that ease tasks such as writing database queries and performing mathematical operations. The more packages there are for a programming language, the less code developers have to produce from scratch. The Anaconda AI Platform uses an open-source tool called conda to help software teams manage their Python packages. Many packages rely on other packages, which are known as dependencies, to work. According to Anaconda, conda automatically finds the dependencies that must be installed to run the packages used in an AI project. That saves time for developers, who would otherwise need to perform the task manually. Anaconda's platform scans packages for known vulnerabilities and generates a software bill of materials, or SBOM. A SBOM is a list of the components that make up a piece of software. The information in the list makes it easier to identify potential cybersecurity risks. Anaconda adds a cryptographic signature to the Python packages that ship with its platform. If hackers attempt to temper with a package, its signature changes, which makes it relatively simple to detect breaches. When a vulnerability is discovered in a package previously thought to be secure, Anaconda's platform provides remediation advice. For machine learning projects, the software provides features that monitor how AI datasets change over time. Anaconda can also track many of the activities carried out during AI development. It turns those data points into an audit log that companies can use to demonstrate compliance with data protection regulations. Another feature, the Anaconda Toolbox Excel Add-In, allows users to run Python code in Excel spreadsheets. Developers can write scripts that use AI to analyze a spreadsheet's contents. It's also possible to visualize processing results in a graph. Anaconda provides its Anaconda AI Platform along two open-source tools. The Anaconda Distribution combines Python with conda, several hundred packages and R, a programming language optimized for mathematical tasks. The company also offers Miniconda, a lightweight version of the Anaconda Distribution that includes fewer packages. "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," said Insight Partners managing director George Mathew. "Anaconda takes this a step further by layering simplicity and security to AI in enterprise landscapes." Anaconda will use its newly raised capital to enhance its platform, establish a presence in more international markets and make acquisitions.

AI startup Anaconda raises $150 million in Series C funding led by Insight Partners - The Economic Times

The company said on Thursday the fresh capital will support product development, potential acquisitions, and international expansion, as well as provide liquidity for employees.Anaconda, a leading provider of open-source Python software for data science and AI, has raised more than $150 million in a Series C funding round led by Insight Partners, with additional participation from Abu Dhabi's Mubadala Capital. The funding round values the startup at $1.5 billion, Bloomberg News reported, citing a person familiar with the matter. The company said on Thursday the fresh capital will support product development, potential acquisitions, and international expansion, as well as provide liquidity for employees. The funding comes amid increased competition in the enterprise AI software sector, with Python continuing to dominate as the programming language of choice for AI development. US startup funding has surged 75.6% in the first half of 2025, led by the AI boom, putting it on track for its second-best year ever, even as venture capital firms struggled to raise money, according to PitchBook. This year's boom has been driven largely by major AI investments and bold bets from big tech companies, a wave of activity set off by the debut of ChatGPT in late 2022. In the past three months alone, $69.9 billion was invested in U.S. startups. Anaconda did not immediately respond to a Reuters request for comment regarding the valuation. The company is seeking to capitalize on growing enterprise demand for open-source tools as organizations shift from isolated data science projects to broader AI applications. The startup has also expanded its leadership team, hiring executives with backgrounds in enterprise technology and product innovation. The funding follows Anaconda's launch of a new AI platform and a partnership with Databricks.