AI music generation platform Suno has just raised $250 million in a Series C funding round at a $2.45 billion post-money valuation, the company reports.
The funding round – led by Menlo Ventures with participation from NVentures (Nvidia’s venture capital arm), as well as Hallwood Media, Lightspeed and Matrix – will accelerate the development of Suno’s “full-stack music ecosystem, model, workstation, artist tools and community”.
The latest funding round follows a series of moves by Suno aimed at “redefining what’s possible in music creation”. In September, the company launches the “first-ever” generative audio workstation, Suno Studio, which pairs professional-grade multi-track editing with AI stem generation.
In the leadup to the launch of Suno Studio, the platform acquired WavTool, the first browser-based DAW. The move saw Suno adopting WavTool’s browser-based functionality, allowing it to repurpose the technology for its Suno Studio DAW.
“We’re seeing the future of music take shape in real time,” says Mikey Shulman, Co-Founder and CEO of Suno. “In just two years, we’ve seen millions of people make their ideas a reality through Suno, from first-time creators to top songwriters and producers integrating the tool into their daily workflows. This funding allows us to keep expanding what’s possible, empowering more artists to experiment, collaborate, and build on their creativity. We’re proud to be at the forefront of this historic moment for music.”
“Suno is the world’s #1 music creation app, making music accessible to everyone. Mikey and the team have built something people genuinely love using and millions of fans are on the platform every day, creating original songs and sharing them with friends,” says Amy Martin, Partner, Menlo Ventures.
You can read more about Suno’s latest funding round in a blog post entitled ‘The Future of Music is Already Here’.
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‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source musictech.com ’
