AI startup LMArena triples its valuation to $1.7 billion in latest fundraise
Yahoo Finance·2026-01-06 18:00
Jan 6 (Reuters) - LMArena said on Tuesday its valuation had tripled to $1.7 billion in about eight months, following a new funding round where it raised $150 million, as investors continue to pour money into artificial intelligence startups. Investor enthusiasm for generative AI surged after ChatGPT's launch in 2022 showed its commercilization potential, leading to a race for adoption and a scramble on Wall Street for exposure to key firms in the boom. LMArena, formerly known as Chatbot Arena, is a ...