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LMArena secures $150 million in Series A funding led by Felicis and UC Investments, valuing the company at $1.7 billion. This funding will help enhance its AI benchmarking platform.
Amount Raised
$150 Million
Round Type
Series A
San FranciscoArtificial IntelligenceMachine LearningInvestors
Description
LMArena, the platform formerly known as Chatbot Arena, raised $150 million in a Series A led by Felicis and UC Investments. The funding round valued the company at $1.7 billion, nearly tripling its valuation from its previous seed round. The company reported over 5 million monthly users and $30 million in annual recurring revenue just four months after launching its paid product. This funding will support the continued development and expansion of its AI benchmarking services.
Fundz sees it the moment LMArena raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansLMArena raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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