Suno, an AI music generation platform, has raised $400 million in its latest funding round, valuing the company at $5.4 billion, the company said.
The funding round, announced Wednesday, was led by Bond Capital with participation from IVP, Foreruntures, Union Square Ventures, Alkeon Capital Management and Quiet. Previous investors in the Series D funding round include Matrix, Lightspeed, Menlo Ventures, and Schroders Capital, Suno CEO Mikey Shulman said in a blog post.
This funding more than doubles the $2.45 billion valuation the company achieved in November 2025 following a $250 million funding round. It also follows changing trends in relations with the music industry. Warner Music Group, Universal Music Group, and Sony Music Entertainment sued Suno (and its competitor Udio) for copyright infringement in 2024. WMG settled a lawsuit with Suno last November and announced a licensing partnership with the platform, marking Suno’s first partnership with a major record label.
UMG and Sony still have active lawsuits against Suno (though UMG settled its case with Udio last fall and announced a partnership with Stability AI).
“We’ve seen Suno used by professional producers and songwriters, as well as millions of people making music for the first time, because music production is no longer the domain of a few niche people,” Schulman wrote. “It’s becoming one of the most human things we do, a way for people to communicate, remember and connect. What started as a simple idea has grown far beyond anything we could have imagined, and we’re thrilled to share this important milestone today.”
Schulman said the funding round also includes “some of the best artists, producers, songwriters and people from across the music industry,” but he did not specify who those music industry insiders are. (When asked about this, Suno representatives declined to identify them.)
“This funding will help us accelerate what matters most: helping more people express themselves through music, while continuing to expand what artists and creators can do with Suno,” Schulman wrote.
Schulman said the company plans to release a new model in the coming months based on its partnership with WMG, which he believes will “create new experiences for fans while helping artists reach audiences, build communities and unlock new creative economic potential.”
Despite intense industry backlash, the company has found success among casual users. Schulman said Suno surpassed 2 million subscribers in February and reached $300 million in annual recurring revenue.
