Suno Secures Series D Funding Valuing Company at $5.4 Billion After Settling Major Label Lawsuits

Key Points

• Suno raises Series D funding at a $5.4 billion valuation, led by Bond Capital.
• Valuation more than doubles the $2.45 billion level from six months earlier.
• User base exceeds 100 million; about 2 million are paid subscribers.
• Revenue for 2025 reported at roughly $150 million.
• Warner Music settled in November 2025, forming a partnership for licensed models.
• Universal Music settled in October 2025, combining payment with joint AI platform licensing.
• Sony Music remains in litigation; a fair‑use ruling expected summer 2026.
• Suno plans to launch licensed models in 2026 and deprecate current unlicensed versions.
• New model will give artists control over use of their work and require paid downloads.
• Investors view the legal settlements as a key factor behind the valuation jump.