TL;DRArena, the AI leaderboard born at UC Berkeley, hit 100 million dollars in annualized revenue eight months after launching its paid evaluation service.
Arena, the crowdsourced AI leaderboard that started as a UC Berkeley research project in 2023, has reached 100 million dollars in annualized revenue just eight months after launching its first commercial product. The platform is best known for letting users compare two anonymous AI model responses side by side and vote on which is better. More than 10 million of those evaluations have now been submitted.
The revenue comes from AI Evaluations, a paid service Arena introduced in September that gives model labs and enterprises detailed performance analytics drawn from its community of users. By December, the service had reached 30 million dollars in annualized revenue. It has more than tripled since then.
There is a caveat in the headline number. While Arena describes the figure as ARR, CEO Anastasios Angelopoulos told TechCrunch that customers pay for consumption, meaning the revenue is not recurring in the traditional SaaS sense. “A lot of people don’t even understand that our business is making any money at all, they still see us as like an open-source project,” he said.
