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SettledBusiness

Arena raises $200M Series B at a $3.1B valuation

Arena, the AI model evaluation platform, says it raised a $200M Series B co-led by Lightspeed and Khosla Ventures at a $3.1B valuation. It reports annualized revenue above $100M, 350M sessions and 62M votes across its platform. It also launched an Arena Alignment Index covering 20+ frontier models.

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