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

PANews October 9 news, according to Bloomberg, AI model evaluation platform Arena completed a new $200 million funding round, reaching a valuation of $3.1 billion, nearly doubling from its $1.7 billion valuation in 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, with annualized revenue reaching $100 million in June this year.