Abu Dhabi's Mubadala Capital participated in a USD 150 mn funding round for AI tools provider Anaconda, according to a statement. The funding round was led by NYC-based VC firm Insight Partners and pushed the startup's valuation to USD 1.5 bn, Bloomberg reports, citing a source familiar with the matter. This marks a significant jump from its USD 222 mn valuation in 2021. The size of Mubadala’s investment has not been reported.

More on Anaconda: The US-based company, founded in 2012, provides Python-based development tools for AI systems and data scientists. Currently, it is expanding its executive team and product offerings while also searching for a permanent CEO. The company aims to develop into a comprehensive AI platform as demand for Python-based AI tools grows globally.

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