FILE PHOTO: An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo
(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)
