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Suno said on Wednesday it has raised more than $400 million in a funding round at a $5.4 billion valuation, as the AI music startup looks to enhance its platform by creating new tools.Here are some details:The Massachusetts-based startup, which allows users to... Suno said on Wednesday it has raised more than $400 million in a funding round at a $5.4 billion valuation, as the AI music startup looks to enhance its platform by creating new tools.Here are some details:The Massachusetts-based startup, which allows users to generate songs ‌via AI ⁠prompts, ⁠said Bond Capital led the Series D funding round alongside venture capital firms such as IVP, Forerunner and Union Square VenturesAI music companies ​have been under growing scrutiny from artists, who have objected to the use of their work to train models without ​compensationMore than 1,800 independent artists ⁠are supporting ‌class-action lawsuits against Suno and Udio, alleging that ​the ​actions of these startups "were an attack" on the ⁠music community's "most vulnerable and valuable members"Last year Udio signed deals with Universal Music Group and Warner Music Group to settle copyright cases, while Suno reached a settlement with WMGSpotify announced a deal with UMG last month, allowing the Swedish streaming giant's subscribers to create AI-generated covers and remixes of tracks by some ‌of the label's artists, doubling down on AI features to compete with Suno and UdioSuno plans ​to begin ​rolling out its ⁠first music model developed in partnership with WMG in the coming monthsThe startup said in an emailed response it expects ​to work with additional industry partners, but did not provide further detailsExisting investors, including Lightspeed and Menlo Ventures, participated in the fundraiseThe startup had in November raised $250 million at a $2.45 billion valuation Suno said on Wednesday it has raised more than $400 million in a funding round at a $5.4 billion valuation, as the AI music startup looks to enhance its platform by creating new...