Latest news with #InsightPartners
Bloomberg
4 days ago
- Business
- Bloomberg
This AI Startup Went From $350 Million Valuation to a $2.3 Billion in Four Months
The venture capital firm Accel is leading a funding round for the German artificial intelligence startup n8n that would exponentially raise the valuation of the company to $2.3 billion, people familiar with the situation said. Accel beat vying offers from several investors including Insight Partners to lead the latest round, which is expected to raise hundreds of millions of euros for Berlin-based n8n, the people said, asking not to be identified because the information is private. The $2.3 billion valuation — up from roughly $350 million just four months ago — is pre-money, representing the value of the company before the new investment, the people said.
Yahoo
5 days ago
- Business
- Yahoo
Tavily raises $25M to connect AI agents to the web
Companies across many industries are implementing AI agents for internal use, automating a wide range of tasks. In the financial sector, AI agents are critical for fraud detection. They can analyze vast amounts of transaction data in real time. Meanwhile, sales organizations are using AI agents to gather data on potential customers. These AI sales agents can scour the web and social media for information. To be effective, these agents need to access the internet and find information from relevant sources, all while following company policies and mirroring how a human researcher would work. Connecting an agent directly to a large language model like ChatGPT without company-specific safeguards can lead to highly inappropriate results. 'Governance, risk and compliance at the enterprise is so important now, and if you just let that happen, it's just going to be the wild, wild west,' George Mathew, managing director at Insight Partners, told TechCrunch. That's why Insight Partners led a $20 million Series A in Tavily, a startup that connects AI agents to the web in a way that's compliant with company-specific policies. The investment brings the one-year-old Tavily's total funding to $25 million. Founded last year by data scientist Rotem Weiss, Tavily began as an open-source project he created in 2023 called GPT Researcher. The consumer-focused project fetched real-time web data before ChatGPT was hooked up to the internet, Weiss told TechCrunch. 'It went extremely viral, so pretty fast we gained almost 20,000 GitHub stars.' Weiss launched Tavily after ChatGPT and other LLMs introduced web search. Unlike GPT Researcher, Tavily focuses on enterprise clients. It provides a suite of tools to companies like Groq, Cohere, MongoDB, and Writer, allowing their agents to search, crawl, and extract structured insights from both public and private sources. While most AI agents aren't yet connected to the internet, Weiss says Tavily's goal is to onboard the next billion agents to the web. Tavily is not the only startup providing search tools for AI agents. It competes with Exa, which raised a $17 million Series A from Lightspeed, Nvidia, and YC last year. Another smaller startup that offers a web search connectivity layer is Firecrawl. OpenAI and Perplexity are also offering search solutions that are geared towards independent developers. Sign in to access your portfolio
TechCrunch
5 days ago
- Business
- TechCrunch
Tavily raises $25M to connect AI agents to the web
Companies across many industries are implementing AI agents for internal use, automating a wide range of tasks. In the financial sector, AI agents are critical for fraud detection. They can analyze vast amounts of transaction data in real time. Meanwhile, sales organizations are using AI agents to gather data on potential customers. These AI sales agents can scour the web and social media for information. To be effective, these agents need to access the internet and find information from relevant sources, all while following company policies and mirroring how a human researcher would work. Connecting an agent directly to a large language model like ChatGPT without company-specific safeguards can lead to highly inappropriate results. 'Governance, risk and compliance at the enterprise is so important now, and if you just let that happen, it's just going to be the wild, wild west,' George Mathew, managing director at Insight Partners, told TechCrunch. That's why Insight Partners led a $20 million Series A in Tavily, a startup that connects AI agents to the web in a way that's compliant with company-specific policies. The investment brings the one-year-old Tavily's total funding to $25 million. Founded last year by data scientist Rotem Weiss, Tavily began as an open-source project he created in 2023 called GPT Researcher. The consumer-focused project fetched real-time web data before ChatGPT was hooked up to the internet, Weiss told TechCrunch. 'It went extremely viral, so pretty fast we gained almost 20,000 GitHub stars.' Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise on August 7. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW Weiss launched Tavily after ChatGPT and other LLMs introduced web search. Unlike GPT Researcher, Tavily focuses on enterprise clients. It provides a suite of tools to companies like Groq, Cohere, MongoDB, and Writer, allowing their agents to search, crawl, and extract structured insights from both public and private sources. While most AI agents aren't yet connected to the internet, Weiss says Tavily's goal is to onboard the next billion agents to the web. Tavily is not the only startup providing search tools for AI agents. It competes with Exa, which raised a $17 million Series A from Lightspeed, Nvidia, and YC last year. Another smaller startup that offers a web search connectivity layer is Firecrawl. OpenAI and Perplexity are also offering search solutions that are geared towards independent developers.
Channel Post MEA
7 days ago
- Business
- Channel Post MEA
Anaconda Raises Over $150M in Series C Funding
Anaconda has announced that it raised over $150M in a Series C funding round led by Insight Partners, with participation from Abu Dhabi's Mubadala Capital. The company operates profitably with over $150M in annual recurring revenue (ARR) as of July 2025. This news comes on the heels of Anaconda's newly launched AI Platform as well as a recently announced partnership with Databricks, the data and AI company. Since its founding in 2012, Anaconda has been one of the most trusted and widely used Python distribution platforms, with over 21 billion downloads and 50 million users. Today, 95% of Fortune 500 companies and more than 10,000 large enterprises rely on Anaconda to build and manage AI systems effectively. The infusion of capital comes at a pivotal moment as enterprises shift from isolated data science projects to building compound AI applications, validating Anaconda's mission to empower organizations and builders to innovate with data through a unified open source ecosystem for enterprise Python—the coding language that has become synonymous with AI development. 'As agents and compound AI systems gain traction, companies need a foundational platform to effectively manage key open source artifacts and components to drive fast, scalable innovation. Anaconda takes this a step further by layering simplicity and security to AI in enterprise landscapes,' says George Mathew, Insight Partners Managing Director. 'As enterprises move from specialized data science to generalized AI systems, we believe Anaconda is incredibly well-positioned for this generational shift.' As Python surpassed Java to become the most widely adopted programming language in the world, Anaconda unveiled the Anaconda AI Platform to deliver trusted software packages, development environments, and AI tools, along with simplified workflows, secure AI capabilities, and actionable insights. This comprehensive approach can boost practitioner productivity while saving enterprises time, money, and risk as they navigate their AI journey. Looking ahead, Anaconda is positioned to grow beyond package management to become a comprehensive model hub where organizations can securely access and manage all their AI building blocks, from models and datasets to libraries and dependencies, all purpose-built for Python development. To support this expanded vision, Anaconda has strengthened its leadership team with seasoned executives who bring deep expertise in scaling enterprise technology organizations. Laura Sellers has joined as Chief Product and Technology Officer (CPTO), Jane Kim as Chief Commercial Officer (CCO), and Barry Russell as Senior Vice President of Partnerships. Together, they bring decades of combined experience in product innovation, revenue growth, and strategic partnerships, positioning Anaconda to accelerate its mission as enterprises shift from isolated data science projects to building compound AI applications. 'Anaconda is uniquely positioned in the AI market, providing proven, curated, and verified packages that accelerate deployments with confidence,' said CPTO Laura Sellers. 'I'm eager to expand on the great work the team has already done to extend the power of Python, foster community, and offer the choice and customization that individual and enterprise users need to build and scale data science, machine learning, and AI projects.' Capital will also be invested in new AI features, strategic acquisitions, and to fuel Anaconda's global expansion into new markets. Additionally, the funding will offer liquidity options for current and former employees, driving the company's continued momentum and growth.
Arabian Post
03-08-2025
- Business
- Arabian Post
Anaconda secures $150 million to advance AI technology
Arabian Post Staff -Dubai US-based artificial intelligence company Anaconda, Inc. has raised $150 million in a Series C funding round, marking a significant milestone in its expansion plans. Mubadala Capital, the asset management arm of Abu Dhabi's Mubadala Investment Company, is among the key investors. This round, led by US software investor Insight Partners, aims to accelerate Anaconda's growth, focusing on new AI capabilities, strategic acquisitions, and expanding into new markets. The company, founded in 2012, is dedicated to advancing AI with open-source tools, providing an essential framework for developers, data scientists, and engineers globally. Anaconda's mission is to drive large-scale AI adoption through its platform, which has gained significant traction in the AI and machine learning ecosystems. ADVERTISEMENT As of July 2025, Anaconda has reported over $150 million in annual recurring revenue, reflecting its increasing dominance in the industry. The company's software solutions cater to an expanding customer base, including organisations looking to incorporate AI into their operational frameworks. The funding will primarily support Anaconda's continued product innovation, along with its push to enhance its presence in international markets. Anaconda's unique selling proposition lies in its open-source tools that democratise access to advanced AI and ML frameworks. With a strong developer community and a rich ecosystem of libraries and tools, Anaconda has become synonymous with Python and R-based data science solutions. The company's efforts in open-source software are in line with a broader industry trend, where collaboration and knowledge sharing are key to driving innovation. The involvement of Mubadala Capital underscores the growing interest of Middle Eastern investors in global tech startups. Mubadala has a long history of investing in transformative companies, particularly in the technology and innovation sectors. By supporting Anaconda, Mubadala is positioning itself at the forefront of AI's global expansion. In addition to the capital infusion, Anaconda aims to make strategic acquisitions to broaden its portfolio of AI technologies. As AI becomes increasingly critical across industries—from healthcare and finance to manufacturing and entertainment—the demand for robust, scalable AI platforms continues to rise. Anaconda's focus will likely extend to acquiring complementary AI firms that enhance its platform's capabilities, particularly in specialised areas like natural language processing, deep learning, and AI-driven data analytics. The Series C funding is a testament to the growing confidence in Anaconda's potential to shape the future of AI. The company's ability to secure such a significant investment speaks to the strength of its market position and the value placed on its open-source model. Insight Partners, a prominent software investor, has a track record of backing companies that disrupt traditional industries with innovative technologies. This partnership reflects the increasing recognition of Anaconda's role in enabling AI adoption at scale. Despite the ongoing challenges faced by the tech industry, such as regulatory scrutiny and the need for robust data privacy protocols, Anaconda has shown resilience in its business model. The company has consistently demonstrated the scalability and flexibility of its products, which cater to a wide range of use cases. From startups to large enterprises, Anaconda's platform has become a go-to solution for developing AI applications efficiently. As Anaconda expands its reach, it will need to navigate the evolving landscape of AI regulations, which continue to shift globally. In markets such as Europe and North America, there is growing concern over the ethical implications of AI and data privacy. The company's ability to address these concerns while continuing to innovate will be crucial to its long-term success. The funding will also enable Anaconda to strengthen its partnerships with key tech firms and expand its network of collaborators. As AI technology continues to evolve, Anaconda's role in shaping its future will likely be central to the wider conversation on AI governance and ethics. By partnering with other tech leaders, Anaconda can continue to push the boundaries of what's possible with open-source AI technology, ensuring it remains at the forefront of the AI revolution.
