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- Suno
Suno Revenue, Valuation, Funding & Investors
Suno is valued at $5.4B as of June 2026, a 18.0x multiple on its last reported $300M revenue.
Last Suno valuation
$5.4B
Series D · Jun 2026
Last Suno funding round
$400M
Series D · Jun 2026
Suno revenue
$300M
Series D · Jun 2026
Key investors in Suno
Lightspeed Venture Partners
Matrix Partners
Menlo Ventures
Union Square Ventures
Founder Collective
IVP
About Suno
Suno is a Cambridge-headquartered music technology company offering an AI platform that generates complete songs from text prompts including lyrics, vocals, and instrumentation. Suno Studio provides a web-based audio workstation for editing stems like drums and synths, tempo adjustments, and exports in WAV or MIDI formats. Users upload clips for remixing, supporting creators without instruments. The platform powers millions of tracks shared via app integrations.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Revenue
$300M (Jun 2026)
Valuation
$5.4B (Jun 2026)
Suno Valuation
Suno is currently valued at $5.4B, based on its Series D in June 2026.
The $400M round was led by Bond, with participation from Menlo Ventures, IVP, Union Square Ventures, Matrix Partners, Forerunner and 4 other investors.
Suno's valuation has grown 11x from $500M at its Series B in May 2024 to $5.4B in June 2026, across 3 priced rounds.
Suno valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2026 | Series D | $5.4B | 18.0x |
| Nov 2025 | Series C | $2.5B | 12.3x |
| May 2024 | Series B | $500M | 1.7x |
Suno Revenue
Suno's latest recorded revenue is $300M, as of its Series D in June 2026. At a $5.4B valuation, that implies a 18.0x revenue multiple.
Revenue moved from $300M in May 2024 to $300M in June 2026, while the revenue multiple moved from 1.7x to 18.0x.
Suno revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2026 | $300M | $5.4B | 18.0x | Series D |
| Nov 2025 | $200M | $2.5B | 12.3x | Series C |
| May 2024 | $300M | $500M | 1.7x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Suno Funding History
Suno has raised a total of $775M across 3 funding rounds.
Suno's first fundraising round was a $125M Series B in May 2024. The most recent completed round was a $400M Series D in June 2026.
Suno funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Series D | Bond (lead); Menlo Ventures; IVP; Union Square Ventures; Matrix Partners; Forerunner; Lightspeed Venture Partners; Schroders Capital; Alkeon Capital; Quiet Capital | $400M | $5.4B | Suno raised USD 400 million in a Series D funding round that valued the company at USD 5.4 billion post-money. The round was led by Bond Capital, and the deal was structured as new equity financing rather than an acquisition.\n\nThe raise underscores investor backing for Suno’s AI music generation platform, which creates songs from text prompts and is being scaled as a consumer and creator tool. The funding is intended to support expansion and product development as the company grows its generative music business.\n\nSuno is an AI music company focused on generating full songs from text prompts. The company operates in the generative audio and music-creation market and has attracted significant venture capital interest as it expands its platform and user base. |
| Nov 2025 | Series C | Menlo Ventures (lead); NVentures; Hallwood Media; Matrix Partners; Lightspeed Venture Partners | $250M | $2.5B | Suno, a Cambridge, MA-based AI-powered music creation platform, raised $250 million in a Series C funding round on November 19, 2025, at a $2.45 billion post-money valuation. The round was led by Menlo Ventures with participation from NVentures (NVIDIA’s venture capital arm), Hallwood Media, Lightspeed Venture Partners, and Matrix. The company, led by CEO Mikey Shulman, leverages generative AI to enable users to create, edit, and mix studio-quality music through intuitive prompts, targeting artists, producers, and creators at all skill levels. Suno has achieved significant traction, with nearly 100 million people having made music on the platform over the last two years and $200 million in annual revenue primarily from subscriptions, including consumer plans at $8 or $24 per month and a commercial version launched in September 2025. The company recently introduced Suno Studio, the first generative audio workstation combining pro-grade multi-track editing with AI stem generation, alongside its v5 music model for enhanced vocals and creative control. Suno also acquired WavTool, a browser-based DAW, to bolster its technology stack. The funding will accelerate development of professional-grade tools, enhance Suno Studio, expand community features, and build a full-stack ecosystem for music creation and collaboration. Despite ongoing legal challenges from the music industry regarding AI training data, investors remain confident in Suno’s market success, growth through word-of-mouth, and position as the world’s #1 music creation app. Previously, Suno raised a $125 million Series B in May 2024 at an estimated $500 million valuation. |
| May 2024 | Series B | Lightspeed Venture Partners (lead); Daniel Gross; Matrix Partners; Nat Friedman; Founder Collective | $125M | $500M | Suno, an AI music generator enabling users to create original songs from text prompts, raised a $125 million Series B funding round on May 21, 2024, led by Lightspeed Venture Partners with participation from Nat Friedman, Daniel Gross, Matrix, and Founder Collective. This marked the largest investment ever in a music AI startup at the time and the biggest music-tech equity investment in over three years. The round highlighted Suno's rapid user adoption, technical capabilities, and efficiency compared to competitors like ElevenLabs, Splash Music, and Udio, positioning it at the intersection of the creator tools and generative AI markets. Sources consistently report the Series B valuation at $500 million, reflecting strong investor confidence amid growing interest in standalone music AI products despite potential competition from tech giants like Google, Meta, and OpenAI. Suno's growth included a social following increase of over 200% since January 2024, profiles in Bloomberg and Rolling Stone, and appeal to technology, AI, media, and consumer software veterans as investors. This funding underscored a historic shift in music-tech investment, with Suno benefiting from trends in private equity stakes in creator tools like Muse Group, Native Instruments, and Splice. Following the Series B, Suno launched consumer subscriptions including a free tier plus $8 and $24 monthly plans, and in September 2024 introduced tools for commercial creators and Suno Studio, a generative audio workstation. By late 2025, Suno raised a $250 million Series C at $2.45 billion post-money valuation led by Menlo Ventures, with Lightspeed and Matrix participating, alongside $200 million in annual revenue reported via subscriptions amid ongoing music industry lawsuits. |
Who has invested in Suno?
15 investors have backed Suno across its funding rounds, including Lightspeed Venture Partners, Matrix Partners, Menlo Ventures, Union Square Ventures, Founder Collective and IVP.
Lead investors include Bond, Menlo Ventures and Lightspeed Venture Partners.
Suno Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | May 2024 | ||
| 3 | Lead | May 2024 | ||
| 2 | Lead | Nov 2025 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Jun 2026 | ||
This data is available for Pro users. Sign up to see all 15 Suno investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Suno
Suno has acquired 2 companies to date.
Last acquisition by Suno was on November 25th 2025. Suno acquired Songkick for undisclosed valuation.
Latest Acquisitions by Suno
| Description | Songkick is a London-headquartered concert discovery and ticketing platform tracking tours for over 500 artists. It serves more than 10 million monthly users across 100 countries, handling tickets for 10,000 annual events worldwide. Founded in 2007, the company integrates with Spotify and Apple Music for personalized alerts and partners with promoters like Live Nation for seamless purchases. | - |
| HQ Country | ||
| HQ City | New York City, NY | - |
| Deal Date | 25 Nov 2025 | 26 Jun 2025 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Suno acquisitions and their M&A valuation multiples. Start Free Trial | ||
Suno Competitors
Suno competitors include listed companies like Presight AI and MiniMax Group, and private ones like Higgsfield, Runway, Legora and Ineffable Intelligence.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $5.4B | 13.5x | ||
| Private | $300M | - | $5.3B | 17.7x | ||
| Private | $100M | - | $5.6B | 56.0x | ||
| Publicly listed | $825M | $214M | $5.7B | 5.4x | ||
| Private | - | - | $5.1B | - | ||
| Publicly listed | $79M | ($1.9B) | $11B | - |
Suno Public Comps
Suno is still privately-owned, but its public comps include Presight AI, HYBE, JOYY, Affle 3i, Ncino, NetEase Cloud Music, Haizhi, C3.ai, Wenge AI and MiniMax Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
| $1.9B | ($17M) | 2.5x | 1.6x | (287.1x) | 18.2x | |||
| $2.1B | $160M | 1.2x | 1.1x | 16.3x | 11.2x | |||
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
| $595M | $65M | 4.3x | 4.0x | 39.0x | 15.8x | |||
| $1.2B | $244M | 0.2x | 0.2x | 1.2x | 1.2x | |||
| $93M | ($30M) | 21.5x | 16.3x | (67.1x) | (440.4x) | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
This data is available for Pro users. Sign up to see all Suno competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Suno
| When was Suno founded? | Suno was founded in 2022. |
| Where is Suno headquartered? | Suno is headquartered in United States. |
| Is Suno publicly listed? | No, Suno is a private, VC-backed company. |
| What is Suno's valuation? | Suno was last valued at $5.4B in its Series D in June 2026. |
| How much funding has Suno raised? | Suno has raised $775M across 3 funding rounds. |
| What was Suno's last funding round? | Suno's last funding round was a $400M Series D in June 2026, led by Bond. |
| Who are Suno's investors? | Suno's investors include Matrix Partners, Lightspeed Venture Partners, Menlo Ventures, Daniel Gross, IVP, NVentures, Union Square Ventures, Hallwood Media, Forerunner, Nat Friedman and 5 others. |
| What is Suno's revenue? | Suno's latest recorded revenue is $300M (June 2026). |
| What is Suno's revenue multiple? | Suno's latest valuation implies a 18.0x revenue multiple ($5.4B valuation on $300M of revenue). |
| Which companies are comparable to Suno? | Companies comparable to Suno include Higgsfield, Runway, Legora, Presight AI, Ineffable Intelligence and MiniMax Group. |
| How many companies has Suno acquired? | Suno has acquired 2 companies, including Songkick and WavTool. |
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