The financing was led by top investors such as Lightspeed Venture Partners, Nat Friedman, and Daniel Gross.
Suno said the round was aimed at accelerating product development and expanding its team of music creators. Committed to building a platform where everyone can create music!
Musician communities deserve the best tools, and building the best tools requires the best talent. We will use this funding to accelerate product development and grow our world-class team of music producers, music lovers and technicians.
The following content is from the original text (machine translation)
If you have children, you may have noticed that they often sing to themselves before falling asleep or while playing with their favorite toys. They use everything they can get to make musical instruments, from spoons to shoes to empty water bottles. My three-year-old recently put a canvas handbag on his back and pretended to play tuba!
As adults, we no longer do this. Along the way, we lost some of the joy of making music. Some of us have grown into true musicians through necessary training or innate skills, while others of us have gradually understood that our place is to sit quietly in the audience and enjoy the performance.
We founded Suno to create a future where anyone can create music. Help people rediscover the joy of playing and exploring as children. Technology is the means to achieve this goal, and today’s most advanced technology creates the potential for new voices, new styles, and new artists to flourish in ways we have always dreamed of.
Eight months ago, we released our first product, which allowed anyone to create songs with simple ideas. Although it’s still in its early stages, 10 million people already use Suno to create music. While Grammy-winning artists use Suno, our core user base is made up of people who create music on a daily basis-often for the first time.
We saw producers digging boxes, friends exchanging emoticons, and anchors composing songs with station-sized audiences. We helped a lost artist revitalize his lyrics after decades of living on the margins. We see teachers stimulate students ‘imagination by turning lessons into lyrics and stories into songs. Just last weekend, we received some heart-warming stories. Mothers, with Suno’s help, were moved to tears by the songs written for them by their loved ones.
Today, we are pleased to announce that we have raised $125 million to build a future of music in which technology will amplify rather than replace our most precious resource: human creativity. We have an incredible group of partners, including Lightspeed Venture Partners, Nat Friedman and Daniel Gross, Matrix and the Founder Collective. We are working closely with a team of trusted advisers we have long admired to help us realize this vision, including 3LAU, Aaron Levie, Alexandr Wang, Amjad Masad, Andrej Karpathy, Aravind Srinivas, Brendan Iribe, Flostradamus, Fred Ehrsam, Guillermo Rauch and Sean Mack.
We will use this funding to accelerate product development and grow our team of music producers, music enthusiasts and technicians. Our community of musicians deserves the best tools, and building the best tools requires the best talent-not just technical expertise, but also a true love of music.
If you want to be part of this journey and help shape the future of music, please join us.
Finally, I want to thank our wonderful community. We have been working hard and working on a number of major updates. We think you will like them, and we look forward to sharing more with you soon.
If you want to learn more, you can click on the link below the video.
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Original text:https://suno.com/blog/fundraising-announcement-may-2024
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