Suno Scores $250 Million Series C at a $2.45 Billion Valuation

Suno has announced a $250 million Series C. Photo Credit: Suno

Suno is a lot of things – including a defendant in multiple music-space infringement suits – but it definitely isn’t strapped for cash. Now, the AI music generator has raised $250 million at a $2.45 billion valuation.

Cambridge-headquartered Suno confirmed the quarter-billion-dollar Series C today, on the heels of October funding rumblings. Those rumblings, we reported one month back, pointed to a comparatively modest $100 million round and a $2 billion valuation for the three-year-old company.

But in reality, Suno more than doubled the tranche and tacked on another $450 million to the post-cash valuation. Menlo Ventures led the sizable Series C, which drew additional support from NVIDIA’s NVentures, Hallwood Media (the professional home of Xania Monet), Anthropic stakeholder Lightspeed, and Palo Alto’s Matrix.

Addressing the raise, Suno co-founder and head Mikey Shulman, whose platform is said to be approaching 100 million total users, described his company as having a hand in “the future of music.”

“We’re seeing the future of music take shape in real time,” indicated Shulman. “In just two years, we’ve seen millions of people make their ideas a reality through Suno, from first-time creators to top songwriters and producers integrating the tool into their daily workflows.

“This funding allows us to keep expanding what’s possible, empowering more artists to experiment, collaborate, and build on their creativity. We’re proud to be at the forefront of this historic moment for music,” he concluded.

Elsewhere in the announcement, Suno emphasized its Studio “generative audio workstation” launch, the rollout of its v5 model, and its acquisition of WavTool. Not directly mentioned in the text, however, are the initially noted lawsuits – filed by the majors, indie artists, Denmark’s Koda, and others.

Time will, of course, tell how the courtroom confrontations play out. But especially in light of Suno’s ample capital, it’s certainly worth reiterating the industry’s growing collection of gen AI agreements.

Most immediately, that includes pacts between Suno rival Udio and Universal Music as well as Warner Music, with the latter having only disclosed a deal (and a settlement) this afternoon. (Today, WMG also joined UMG in partnering with Stability AI.)

However, Spotify is likewise developing artificial intelligence offerings – with the majors, Merlin, and Believe on board. And while the quick-moving news cycle has pushed the fact into the background, Universal Music is quietly taking steps to secure a number of AI patents under a Liquidax Capital tie-up.