Anaconda, a company dedicated to advancing open-source AI, announced that it has raised over $150 million in a Series C round led by Insight Partners, with Mubadala Capital participating. The company is profitable with over $150 million in annual recurring revenue as of July 2025.
This follows the launch of its AI Platform and a partnership with Databricks. Founded in 2012, Anaconda is a trusted Python distribution platform with over 21 billion downloads and 50 million users. Now, 95% of Fortune 500 companies and over 10,000 enterprises rely on Anaconda for AI development.
The funding comes as enterprises shift from isolated data science projects to building comprehensive AI applications, aligning with Anaconda’s goal to empower organizations with a unified, open-source Python ecosystem—the language central to AI.
As Python became the top programming language, Anaconda introduced its AI Platform to provide trusted packages, environments, and tools, with simplified workflows and secure AI features. This approach aims to increase productivity and reduce costs and risks for enterprises.
Looking ahead, Anaconda plans to expand from package management to a model hub, enabling organizations to securely access and manage AI models, datasets, libraries, and dependencies for Python development.
New executives: To support this growth, Anaconda has hired seasoned executives: Laura Sellers as Chief Product and Technology Officer, Jane Kim as Chief Commercial Officer, and Barry Russell as SVP of Partnerships, bringing expertise in scaling enterprise tech.
How the funding will be used: The funds will be used for new AI features, strategic acquisitions, global expansion, and providing liquidity options for employees, fueling continued growth and momentum.
KEY QUOTES:
“As agents and compound AI systems gain traction, companies need a foundational platform to effectively manage key open source artifacts and components to drive fast, scalable innovation. Anaconda takes this a step further by layering simplicity and security to AI in enterprise landscapes. As enterprises move from specialized data science to generalized AI systems, we believe Anaconda is incredibly well-positioned for this generational shift.”
George Mathew, Insight Partners Managing Director
“Anaconda is uniquely positioned in the AI market, providing proven, curated, and verified packages that accelerate deployments with confidence. I’m eager to expand on the great work the team has already done to extend the power of Python, foster community, and offer the choice and customization that individual and enterprise users need to build and scale data science, machine learning, and AI projects.”
CPTO Laura Sellers
