AI model evaluation platform Arena completed a $200 million financing round, reaching a valuation of $3.1 billion

According to Bloomberg, the AI model evaluation platform Arena completed a new round of financing of $200 million with a valuation of $3.1 billion, 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 rankings, achieving an annual revenue of $100 million in June of this year.