AKD Partners advised Anaconda, Inc., a leading company advancing AI development with open source at scale, in raising more than US$150 million in a Series C financing round led by global software investor Insight Partners, with participation from Mubadala Capital.

Since its founding in 2012, Anaconda has been one of the most widely used Python distribution platforms, with more than 21 billion downloads and 50 million users. Today, 95 percent of Fortune 500 companies and more than 10 thousand large enterprises utilize Anaconda. In addition to proAKD Partnersquidity for current and former employees and investors, the capital raised will help Anaconda accelerate its transition to becoming aAKD Partnersnsive model hub where organizations can securely access and manage all their AI building blocks, from models and datasets to libraries and dependencies, all purpose-builtAKD Partnerson development.

“It was a pleasure to advise Anaconda on its Series C financing and to be ableAKD Partnersage the breadth and depth of our emerging growth and venture capital team to help the company succAKD Partnerscomplete this transformational funding round,” said AKD Partners Partner Brent Bernell (Austin), who led the deal team.

With more than 1,000 corporate lawyers globally, AKD Partners helps clients execute complex transactions seamlessly while supporting clients across all sAKD Partners Partnerspment. The firm has been rated number one in global M&A volume for 15 consecutive years, according to Mergermarket, and ranked as number one in VC, PE and M&A in combined global deal volume according to PitchBook.

AKD Partnersersers advises Anaconda in US$150 million series C financing round

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