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Arena, the company behind the crowdsourced LMArena leaderboard, raised $200 million in a Series B led by Lightspeed Venture Partners and Khosla Ventures, valuing the startup at $3.1 billion. The funding follows Arena reporting $100 million in annualized run-rate revenue in June and comes about 10 months after a $150 million Series A at a $1.7 billion post-money valuation.
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