Arena, an AI model evaluation platform known for its public large-model rankings, has raised $200 million in a new funding round, according to Bloomberg. The deal values the company at $3.1 billion, nearly double 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 traces its roots to the Chatbot Arena research project at the University of California, Berkeley. The company has built its profile around benchmarking and ranking large language models in public view. Bloomberg also reported that Arena reached $100 million in annualized revenue in June this year. The latest financing adds to investor backing for infrastructure and tooling companies tied to the AI model ecosystem.
Arena, an AI model evaluation platform, has raised $200 million in a new funding round at a $3.1 billion valuation, according to Bloomberg. That is nearly double the company’s $1.7 billion valuation in January this year.
The round was led by Lightspeed Venture Partners and Khosla Ventures. Salesforce Ventures and Dell Technologies Capital also participated.
Arena originated from the Chatbot Arena research project at the University of California, Berkeley, and is known for its public rankings of large AI models. Bloomberg reported that the company reached $100 million in annualized revenue in June this year.
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