AI music startup Suno raised a Series D round led by Bond Capital that pushes its valuation to $5.4 billion, more than double the $2.45 billion mark set six months ago. The surge follows settlements with Warner and Universal, turning two of three major label litigants into partners. Suno now reports over 100 million users, about 2 million paid subscribers and roughly $150 million in revenue for 2025. The company plans to launch licensed models in 2026, while a pending Sony case could still shape the industry’s copyright rules.
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