Suno, the company behind an AI music generation platform, said on 3 June 2026 that it had raised more than $400m in a Series D round at a $5.4bn post-money valuation.
Bond Capital led the round. IVP, Forerunner, Union Square Ventures, Alkeon and Quiet joined as new investors, and existing backers Matrix, Lightspeed, Menlo Ventures and Schroders Capital also took part.
The valuation is more than twice the $2.45bn post-money valuation Suno reached in November 2025, when it raised $250m, according to MusicTech and Reuters.
“This funding will help us accelerate what matters most: helping more people express themselves through music, while continuing to expand what’s possible for artists and creators on Suno.”Mikey Shulman, Co-Founder and CEO, Suno
What Suno does
Suno's audio models let users generate complete songs, with vocals and instruments, from text prompts, according to the law firm Goodwin, which advised the company on the round and describes it as based in Cambridge, Massachusetts. Its users range from professional producers and songwriters to people making music for the first time.
Mikey Shulman, Suno's co-founder and chief executive, announced the round in a blog post. He said the app had reached the top of the App Store's music category in dozens of countries, and that more than half of Suno's staff are musicians. The company did not disclose user numbers, revenue or headcount.
In his post, Shulman argued that more people should get to experience the joy of making music, and that music only matters because of the emotion, perspective and lived experience behind it. TechCrunch reported that, according to a pitch deck obtained by Billboard, users were generating more than 7 million songs a day at the time of Suno's Series C.
What the money is for
Shulman said the money would help more people express themselves through music and expand what artists and creators can do on Suno. The company also said it would release its first music model developed in partnership with the music industry in the coming months.
That model follows a settlement and licensing deal with Warner Music Group in November 2025, according to MusicTech, Reuters and TechCrunch. Suno told Reuters by email that it expected to work with more industry partners, without giving details.
Suno did not give a timetable beyond the coming months for the industry-partnered model, and did not say which labels or publishers other than Warner Music Group are involved. It also did not break down how the new money would be split between product development, licensing and hiring.
Copyright disputes continue
The round came while Suno still faces legal challenges over how it trains its models. TechCrunch reported that Suno has admitted training its AI on copyrighted songs and argues that this counts as fair use. Universal Music Group, Sony and the German collecting society GEMA are continuing legal action against the company.
When Sony and Universal first sued in 2024, they said Suno had trained on 560 of their copyrighted recordings. In May 2026 the labels asked to amend their complaint to add more than 61,000 further songs they say were used without permission, according to TechCrunch.
Reuters reported that more than 1,800 independent artists support class-action lawsuits against Suno and its rival Udio, which accuse the companies of attacking the most vulnerable members of the music community. Udio settled copyright cases with Universal Music Group and Warner Music Group last year, Reuters reported.
Company website: suno.com