Anaconda Raises $150M Series C, Valued at $1.5B, Expands AI Platform

Anaconda, a leading provider of open-source Python tools for AI and data science, has raised over $150 million in a Series C funding round, bringing its valuation to approximately $1.5 billion. The funding, led by Insight Partners with participation from Mubadala Capital, will support product development, potential acquisitions, international expansion, and provide employee liquidity, amid a surge in enterprise AI adoption and venture capital investment. Anaconda's AI Platform streamlines machine learning workflows with enterprise-grade governance, leveraging tools like conda to manage Python package dependencies and enhance security through vulnerability scanning and cryptographic package signatures. The company operates profitably with annual recurring revenue exceeding $150 million and has expanded its leadership team to accelerate growth. This capital infusion reflects the broader trend of enterprises increasingly relying on open-source AI infrastructure for cost efficiency, flexibility, and data governance, with Python remaining the dominant language in AI projects. Anaconda's recent strategic partnerships, including one with Databricks, position it at the forefront of the evolving AI ecosystem as businesses move from pilot projects to full-scale AI deployment.