LMArena completes $150 million Series A funding round

AI startup LMARaena has raised $150 million in Series A funding, valuing the company at $1.7 billion post-money. Its core product is the "Model Arena" platform, which uses crowdsourcing to allow users to compare the performance of different AI models. It boasts over 5 million monthly active users and generates 60 million conversations monthly. This round was led by Felicis and UC Investments.