Suno just closed a $400 million Series D at a $5.4 billion valuation. The round was led by Bond Capital, with IVP, Forerunner, Union Square Ventures, Alkeon Capital Management, and Quiet joining in. Previous backers Matrix, Lightspeed, Menlo Ventures, and Schroders Capital also participated.
That valuation is more than double where Suno landed just seven months ago, when a $250 million raise put them at $2.45 billion. The growth since then backs up the jump: the company surpassed 2 million subscribers in February, and annual recurring revenue has reached $300 million.
For context on what Suno actually is: it's an AI music generation platform that lets anyone create original songs from a text prompt. CEO Mikey Shulman has been deliberate about framing the product not just as a tool for professional producers, but as something that makes music creation accessible to people who've never made music before. The bet is that creation itself becomes a mainstream behavior, not a niche skill.
The company has also been navigating a complicated relationship with the music industry. Warner Music Group, Universal Music Group, and Sony Music Entertainment all sued Suno for copyright infringement in 2024. WMG settled last November and announced a licensing partnership with the platform. UMG and Sony are still in active litigation. Shulman says a new model built on the WMG partnership is coming in the coming months.
With $400 million in new capital and a product growing fast, Suno is hiring. They're a Fonzi partner, which means their open engineering roles are live on the platform now.