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AI Music Generator Suno Raises $125 Million in Series B Funding, Valued at $500 Million

May 21, 2024, 02:35 PM

AI music generator Suno has raised $125 million in a Series B funding round led by Lightspeed Venture Partners, achieving a valuation of $500 million. The funding will be used to accelerate product development and expand the team. Suno's AI technology has been used by 10 million people to create music, some of which sounds highly professional. The company aims to democratize music creation and lower the barrier for creatives worldwide. The announcement also highlighted the involvement of Suno co-founders.