According to an official announcement, the AI music platform Suno announced on the 3rd local time that it has successfully closed a Series D funding round exceeding $400 million, raising its post-money valuation to $5.4 billion. The round was led by Bond Capital, with participation from IVP, Forerunner, Union Square Ventures, Alkeon, and Quiet, while existing investors Matrix, Lightspeed, Menlo Ventures, and Schroders Capital also joined the funding.

This financing significantly strengthens Suno’s capital reserves in the field of AI-generated music, enabling accelerated model iteration and product feature optimization. With the influx of capital, Suno is poised to further expand its developer ecosystem and drive deeper adoption of its AI music creation tools across professional production and mass consumer entertainment markets, intensifying commercial competition within the AI music generation sector.