Overview
- The Series C was led by Menlo Ventures with participation from NVentures, Hallwood Media, Lightspeed, and Matrix.
- Suno says the new capital will accelerate development of its creator ecosystem, including features for both casual users and professionals.
- Recent product moves include launching its v5 music model, debuting the Suno Studio generative audio workstation, and acquiring browser-based DAW WavTool.
- The company remains in litigation brought by Universal Music Group, Warner Music Group, and Sony Music Group over alleged use of their catalogs for training.
- Industry dynamics are shifting as rival Udio settled with Universal in October with plans for a licensed AI music creation platform in 2026.