Anaconda, a provider of open-source AI, has raised more than $150 million in a Series C funding round at about $1.5 billion valuation.

The funding round is led by Insight Partners, with additional participation from Abu Dhabi's Mubadala Capital. 

 The company said it operates profitably with over $150 million in annual recurring revenue (ARR) as of July 2025. Anaconda aims to enable organizations to innovate with data through a unified open source ecosystem for enterprise Python -- the coding language that has become synonymous with AI development.

Anaconda, which recently launched AI platform, announced partnership with Databricks, the data and AI company. Founded in 2012, the startup is widely used Python distribution platforms, and claims to have over 21 billion downloads and 50 million users. Today, more than 10,000 large enterprises rely on its system to build and manage AI systems. 

The company said the fresh capital will also be invested in new AI features, strategic acquisitions, and to fuel Anaconda’s global expansion into new markets. 

Additionally, the funding will offer liquidity options for current and former employees.