Suno, a company leveraging AI to facilitate music creation, secured $400 million in a Series D funding round led by Bond Capital. The company is valued at $5.4 billion following this raise, and that’s more than double its valuation at the time of its Series C from November. Various music industry professionals supported Suno’s latest round alongside other participating investors like IVP, Forerunner, Union Square Ventures and Lightspeed.
The company enables users to generate customized music based on natural language prompts, and its platform supplements vocals, instrumentation and production that can be further refined. Suno plans to invest this latest capital raise in expanding its reach and building out more platform capabilities for artists and creators.
“We’ve seen Suno used by professional producers and songwriters, but also by millions of people making music for the first time — because music creation is no longer the domain of a niche few,” Mikey Shulman, Suno’s co-founder and CEO, wrote in a company blog post. “It is becoming one of the most human things we do, a way people communicate, remember and connect.”
