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Will Suno enter a new market segment beyond music by mid-2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Company press release or major business news outlets
Story
AI Music Generator Suno Raises $500 Million in Series B Round from Lightspeed
May 21, 2024, 02:24 PM
AI music generator Suno has raised capital at a $500 million valuation from Lightspeed Venture Partners after 10 million people used its platform to create songs, some of which sound professional. The Series B funding round highlights Suno's innovative approach in the AI music industry, which aims to lower the barrier for music creation and make it accessible to all. Lightspeed has expressed admiration for Suno's execution and thoughtfulness, emphasizing the potential to change how music is experienced globally.
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Series C • 33%
Acquisition • 33%
No further rounds • 34%
North America • 25%
Europe • 25%
Asia • 25%
Rest of the World • 25%
Significant market disruption • 33%
Moderate impact • 33%
Minimal impact • 34%
Under $750 million • 33%
$750 million to $1 billion • 34%
Over $1 billion • 33%
Collaboration announced • 25%
No collaboration • 25%
Acquisition by a major company • 25%
Strategic partnership without acquisition • 25%
Less than 50 • 33%
50 to 100 • 34%
More than 100 • 33%