AI model evaluation platform Arena completes $200 million funding round at $3.1 billion valuation

PANews, October 9 - According to Bloomberg, AI model evaluation platform Arena has completed a new $200 million funding round at a $3.1 billion valuation, nearly doubling its $1.7 billion valuation from January this year. The round was led by Lightspeed Venture Partners and Khosla Ventures, with participation from Salesforce Ventures and Dell Technologies Capital. Arena originated from the Chatbot Arena research project at the University of California, Berkeley, and is known for its public large model leaderboard. Its annualized revenue reached $100 million in June this year.