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Popular AI leaderboard Arena nearly doubles valuation to $3.1B valuation in 10 months

CN
CitrixNews Staff
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Popular AI leaderboard Arena nearly doubles valuation to $3.1B valuation in 10 months

Arena, which originated in 2023 as a research project at UC Berkeley that crowdsourced rankings of AI models, has raised a $200 million Series B round at a $3.1 billion valuation, it said on Thursday.

This comes after the company said it reached $100 million in annualized run-rate revenue in June.

Originally reported by TechCrunch. Read the full story at the original source.