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

Arena, an AI leaderboard that began as a UC Berkeley research project in 2023, has secured a $200 million Series B funding round, bringing its valuation to $3.1 billion. This marks a near doubling of its valuation in approximately 10 months, following a $150 million Series A round in January at a $1.7 billion post-money valuation. The latest funding round was led by Lightspeed Venture Partners and Khosla Ventures, with participation from several other investors.