Arena raises $200M at $3.1B valuation as AI evaluation market booms
Arena, the crowdsourced AI model ranking platform that began as a UC Berkeley research project in 2023, has raised a $200 million Series B round at a $3.1 billion valuation, the company announced Thursday. The round comes just months after Arena disclosed it had reached $100 million in annualized run-rate revenue in June, and follows a $150 million Series A in January at a $1.7 billion valuation.
