Suno Raises $400M Series E at $5.4B Valuation

Suno, based in the United States, is an AI music generation platform that enables users to create full songs from text prompts. The company has raised $400 million in a new funding round, bringing its total valuation to $5.4 billion.

Investors

The funding round was led by Bond Capital, a venture capital firm with a notable portfolio including OpenAI and Substack. Additional investors included IVP, Forerunner, Union Square Ventures, Alkeon, Quiet, Matrix, Lightspeed, Menlo Ventures, and Schroders Capital, alongside several unnamed leading artists, songwriters, and producers.

Suno Use of Funds

Suno plans to use the capital to support its ongoing development of AI music generation technology and to roll out its new model developed in partnership with Warner Music Group.

About Suno

Founded in 2021 by CEO Mikey Shulman, Suno is a platform designed to democratize music creation by allowing users to generate complete songs through text-based prompts. The company serves both casual users and professional creators looking to integrate AI into their musical workflows.

Funding Details

Company Website: https://suno.ai

Company: Suno
Raised: $400M
Round: Series E
Funding Date: June 3, 2026
Lead Investor: Bond Capital
Additional Investors: IVP, Forerunner, Union Square Ventures, Alkeon, Quiet, Matrix, Lightspeed, Menlo Ventures, Schroders Capital
Software Category: Generative AI Music Software
Source: https://techcrunch.com/2026/06/03/still-facing-copyright-lawsuits-ai-music-generator-suno-raises-another-400m/