Mubadala Capital, the asset management arm of Abu Dhabi’s Mubadala Investment Company, has joined a $150 million Series C funding round in Anaconda Inc., a US-based provider of open-source infrastructure for artificial intelligence (AI) and data science.
The round was led by New York-based growth equity investor Insight Partners, with participation from Mubadala Capital.
Anaconda said the funds will be used to accelerate product development, pursue strategic acquisitions, expand into new markets, and offer liquidity options for employees.
The company reported over $150 million in annual recurring revenue (ARR) as of July 2025.
Founded in 2012, Anaconda is known for its Python distribution platform, which supports data science, machine learning, and AI workflows.
The company said its software has been downloaded more than 21 billion times and is used by more than 50 million developers globally. Its customer base includes 95% of Fortune 500 companies and over 10,000 large enterprises.
Mubadala’s investment adds to its growing portfolio of AI-focused companies, which includes G42, a UAE-based artificial intelligence and cloud computing firm, and Space42, a publicly listed satellite technology firm powered by AI.
The funding round follows Anaconda’s recent launch of its AI Platform and a strategic partnership with Databricks.
The new platform aims to simplify and secure enterprise use of AI, offering curated packages, development environments, and a unified model hub tailored to Python developers.
“As enterprises move from specialized data science teams to scalable AI systems, we believe Anaconda is positioned to play a central role,” said George Mathew, managing director at Insight Partners.
Anaconda also announced the appointment of Laura Sellers as Chief Product and Technology Officer, Jane Kim as Chief Commercial Officer, and Barry Russell as Senior Vice President of Partnerships.
The company remains privately held. Financial terms of Mubadala Capital’s specific investment were not disclosed.