Suno raises at a $5.4bn valuation, more than doubling its worth in six months
Eighteen months ago Suno was the AI company the music industry wanted to destroy. Every major record label had sued it, accusing it of training its models on copyrighted songs without permission. Now the labels are its partners, and investors have repriced the company accordingly. Suno has raised new capital at a $5.4bn valuation, more than double the $2.45bn it was worth just six months ago.
Bond Capital led the round, a Series D that had been reported to be closing for several weeks. The step-up is steep: a little over 2x in roughly half a year, the kind of re-rating that usually reflects either explosive growth or a fundamental change in a company’s risk profile. In Suno’s case it reflects both, and the second may matter more than the first.
The growth is real enough. Suno says more than 100 million people have now used the service, with around...
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