Abu Dhabi’s sovereign investor, Mubadala Investment Company, has made a strategic investment by acquiring a stake in Anaconda Inc., a US-based company providing the world’s most popular data science platform. This move marks another significant step in the UAE capital’s strategy to become a global leader in artificial intelligence and cements its position as a key investor in foundational technology companies.
A Strategic Bet on the Future of Data Science
The investment, made through Mubadala’s ventures and growth division, is more than a financial transaction; it represents a strategic alignment with a core player in the AI and machine learning ecosystem. Anaconda’s platform is fundamental to the development and deployment of AI solutions worldwide, making it a critical piece of infrastructure for the digital economy. For Mubadala, this investment secures a partnership with a category leader and reinforces Abu Dhabi’s long-term vision to diversify its economy through technology.
“Investing in Anaconda is a direct reflection of our strategy to partner with best-in-class technology companies that are shaping the future,” a spokesperson for Mubadala stated. “Anaconda’s central role in the open-source data science community and its trusted enterprise platform are vital for the advancement of AI. We are proud to support their journey and explore opportunities to accelerate the development of AI capabilities within Abu Dhabi and the wider region.”
Powering Global Enterprise AI
Anaconda is a giant in the data science world, though it often operates behind the scenes. Its open-source distribution is the operating system for AI, used by over 35 million data scientists, developers, and students to build and train machine learning models. The company’s commercial arm provides enterprise-grade tools that allow large organizations to manage, govern, and secure their Python and R environments at scale, a critical need as AI becomes more integrated into core business operations.
Fueling Growth and MENA Expansion
This new capital injection will enable Anaconda to accelerate its product roadmap, expand its team, and scale its commercial operations globally. The partnership with Mubadala provides Anaconda with not only financial backing but also a powerful strategic ally to facilitate its expansion into the rapidly growing Middle East and North Africa market. The region’s increasing demand for data science talent and AI-driven solutions presents a significant growth opportunity for the company.
“We are thrilled to welcome Mubadala as a strategic investor,” said Peter Wang, CEO and co-founder of Anaconda. “Their deep understanding of the technology landscape and commitment to long-term value creation makes them an ideal partner. This investment will empower us to enhance our platform and support our mission of enabling everyone, everywhere to participate in the data science revolution. We see immense potential in the MENA region and look forward to collaborating with Mubadala to grow our presence there.”
About Mubadala Investment Company
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. With a portfolio spanning six continents and investments in multiple sectors and asset classes, Mubadala is a key driver of Abu Dhabi’s economic diversification and its integration into the global economy.
About Anaconda
Anaconda Inc. is the provider of the world’s most popular data science platform. With more than 35 million users, Anaconda is the originator of the Python data science movement and is committed to providing open-source innovation and driving value for data scientists, IT professionals, and business leaders.
Looking Ahead
Mubadala’s investment in Anaconda is a powerful indicator of the UAE’s strategic approach to the global AI race. By backing a foundational company whose technology underpins countless AI applications, Abu Dhabi is not just investing in a single product but in the entire ecosystem. This move is expected to create a ripple effect, potentially leading to Anaconda establishing a more formal presence in the UAE, which would in turn help attract top-tier talent and foster innovation within the local tech scene.
Source: AGBI
