Overview
- Suno announced the $400 million Series D on Wednesday, saying the round valued the company at $5.4 billion and was led by Bond Capital with participation from IVP, Forerunner, Union Square Ventures and returning investors.
- The company reported roughly 2 million paid subscribers and about $300 million in annual recurring revenue and said the new money will fund product development, hiring and new creation tools.
- Suno plans to begin rolling out a music model built with Warner Music Group in the coming months, and the company says that model will replace its current unlicensed models for certain features.
- Major-label litigation remains unresolved as Universal Music Group and Sony have moved to expand their complaints to allege tens of thousands more copyrighted recordings were used in Suno’s training data.
- More than 1,800 independent artists back class‑action claims against Suno and competitors, a factor that could affect creators who use the platform and shape whether the industry moves toward licensed models or court rulings on fair use.