Anaconda, a provider of open-source Python software for data science and AI, has raised over $150 million in a Series C funding round, valuing the startup at about $1.5 billion. The round was led by Insight Partners, with additional participation from Abu Dhabi’s Mubadala Capital. The funding will support product development, potential acquisitions, and international expansion.

U.S. startup funding has surged 75.6% in the first half of 2025, driven by the AI boom, putting it on track for its second-best year ever. Major AI investments and bold bets from big tech companies have contributed to a wave of activity, with over $69.9 billion invested in U.S. startups in the past three months alone.

Anaconda operates profitably with over $150 million in annual recurring revenue as of July 2025. 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. Anaconda has expanded its leadership team with executives from enterprise technology and product innovation backgrounds.

The funding follows Anaconda’s launch of a new AI platform and a partnership with Databricks. Bloomberg News first reported the details on Anaconda’s latest funding round. Anaconda continues to dominate as the programming language of choice for AI development in the enterprise AI software sector.

Read more at Yahoo Finance: AI startup Anaconda valued at $1.5 billion in Series C funding