July 31 (Reuters) - Anaconda, a provider of open-source

Python software for data science and AI, has raised more than

$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 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 operates profitably with over $150 million in

annual recurring revenue as of July 2025, Co-President and Chief

Commercial Officer Jane Kim said in an emailed statement.

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.

Bloomberg News first reported the details on Anaconda's

latest funding round.