LM Arena, a crowdsourced benchmarking project that major AI labs rely on to test and market their AI models, has raised $100 million in a seed funding round that values the organization at $600 million, according to Bloomberg.
Andreessen Horowitz (a16z) and UC Investments, which manages an investment portfolio for the University of California, led the fundraising. Lightspeed Venture Partners, Felicis Ventures, and Kleiner Perkins also participated.
Founded in 2023, LM Arena has become something of an AI industry obsession. Primarily run by UC Berkeley-affiliated researchers, LM Arena has partnered with companies such as OpenAI, Google, and Anthropic to make flagship models available for its community to evaluate.
LM Arena was previously funded through a combination of grants and donations, including from Google’s Kaggle data science platform, a16z, and Together AI. Recently, it’s been accused by some researchers of helping top AI labs game its leaderboard — accusations that LM Arena has vehemently denied.
Key Takeaways Volatility Shares is launching the first XRP futures ETF on May 21, 2025…
Billionaire Tron (TRX) founder Justin Sun is going to attend an exclusive crypto dinner with…
A US Judge may overturn her ruling in the Ripple vs SEC case based on…
The cryptocurrency climbed to $109,767.52, its highest price ever, even as traditional markets cooled due…
Space and Time crypto (SXT) has surged 30% overnight following yesterday’s news that the project…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP is…