Mubadala backs Anaconda in $150 million funding round

Abu Dhabi’s Mubadala Capital was among the investors in a $150 million funding round for U.S.-based AI startup Anaconda, which valued the company at about $1.5 billion.

Anaconda’s open-source platform provides secure versions of Python-based coding packages used by businesses to build and run AI systems.

The Series C funding round, led by Insight Partners, will accelerate global expansion and new AI features, while giving early employees a chance to cash out.

It comes amid intense competition among enterprise AI software companies, with the Python programming language dominating.

Mubadala’s key AI investments include UAE powerhouse G42 and space tech company Space42.