SUAVE Raises Seed Funding to Develop AI Music Hardware for Planned 2027 Launch

1. 18:08
   Latent Space

   Modal raises $750M Series D at $15.75B valuation, crosses $1B annualized run rate

   Modal crossed $1B in annualized run rate and raised a $750M Series D led by Accel at a $15.75B valuation, according to the company announcement cited by Latent Space. Usage grew more than 15x year over year. Modal’s Erik says Sandboxes alone reached a $300M run rate, with close to 3 billion sandboxes launched and support for a million concurrent sandboxes across uses including background agents and reinforcement learning.

1. 17:20
   雷锋网

   ByteDance’s Early Angel Investor Funds AI Music Hardware Company SUAVE

   SUAVE, an AI music creation hardware company, has completed a seed round worth tens of millions of yuan led by HINA, the China team of Sequoia Capital, for software and hardware development of mass production models. Its planned system combines a central unit with accessories that can create guitar, keyboard, turntable, and wind instrument setups. SUAVE has a demo and plans to launch in early 2027, with the host and one core accessory expected to cost under 5,000 yuan.

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