LMArena, a startup that operates a widely cited ranking of AI models based on their performance, has raised $150M at a valuation of $1.7B, including the new money, according to the company, The Information’s Katie Roof and Rocket Drew report. The funding round, co-led by existing investors Felicis and the University of California’s investment arm, will help the company pay for computing power to run AI models it evaluates for customers such as OpenAI, Google (GOOGL), xAI and Microsoft (MSFT), as well as hire technical staff.
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