AI Startup Anaconda Hits $1.5 Billion Valuation in New Round

Artificial intelligence startup Anaconda Inc. has raised a new funding round that values the company at $1.5 billion, according to a person familiar with the matter.

The company, which provides AI development tools for developers and data scientists, raised more than $150 million in the funding round, it plans to announce Thursday. The deal was led by Insight Partners, with participation from investors including Abu Dhabi sovereign wealth fund Mubadala Investment Co.

The company declined to comment on its valuation — which jumped from just $222 million in 2021, according to PitchBook data. The person familiar with the latest figure asked not to be ...