Overview
- Suno closed a $250 million Series C led by Menlo Ventures, with NVentures (NVIDIA’s venture arm), Hallwood Media, Lightspeed and Matrix participating, valuing the company at $2.45 billion.
- Suno told The Wall Street Journal it has reached about $200 million in annual revenue, supported by a freemium model with $8 and $24 monthly tiers and a commercial offering launched in September.
- The company has expanded its product lineup with Suno Studio, a generative audio workstation, its v5 music model, and the acquisition of browser-based DAW WavTool.
- Major record labels Sony Music, Universal Music Group and Warner Music Group are suing Suno over alleged copyright infringement in model training, with related rights actions reported in Europe from GEMA and Koda.
- Investor and industry interest continues as Suno cites widespread adoption and chart recognition for AI-generated music, including projects like Xania Monet, even as the legal landscape evolves following Udio’s settlement with UMG.