Company · Voice, image & video
Suno revenue, valuation & funding
Suno was valued at $5.4B in its June 2026 Series D, and its CEO said it reached $300M in annual recurring revenue in February 2026. It's private, with no ticker, and hasn't publicly stated a plan to go public.
At a glance
- Valuation: $5.4B post-money, set in its Series D in June 2026.
- Revenue: $300M in annual recurring revenue in February 2026, as its CEO said. In October 2026 he said it was far beyond that, with no new figure.
- Status: private. No stock ticker. Suno hasn't stated a plan to go public.
- Founded: by Mikey Shulman, Georg Kucsko, Martin Camacho and Keenan Freyberg, who had worked together at Kensho. Sacra gives 2022, and The Next Web says July 2023.
- CEO: Mikey Shulman.
- Investors: Bond Capital, Menlo Ventures, Lightspeed, Matrix, IVP and NVentures, among others.
- Products: the Suno song generator, its v6 model family, Suno Studio, Speech and the concert app Songkick.
- Headquarters: Cambridge, Massachusetts.
- Employees: 490 in October 2026, as counted by Crustdata.
Is Suno public? Can you buy its stock?
No. Suno is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol. Its shares can be sold through secondary marketplaces such as Nasdaq Private Market, and Suno must approve any sale.
Suno has not publicly stated an intention to list, Music Business Worldwide reported in October 2026. A July 2026 job listing did refer to IPO readiness controls for its finance function. In September 2026 it hired its first chief financial officer, Cherry Miao. It has not had an IPO, and no filing has been reported.
Until then, its shares are held by its founders, staff and investors. Investors have put in more than $775 million, the company says. This page reports facts and gives no investment advice.
Valuation, round by round
Its valuation went from $2.45B in November 2025 to $5.4B in June 2026, more than doubling in under seven months.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| Jun 2026 | $5.4B | $400M+ | Bond Capital | Suno's blog |
| Nov 2025 | $2.45B | $250M | Menlo Ventures | Suno's blog |
Sacra says a May 2024 Series B led by Lightspeed and Matrix valued Suno at $500M, but no primary report confirms it. Suno says it has raised more than $775M in all.
Revenue
Suno doesn't publish audited results. Its annual recurring revenue passed $100M in October 2025, Bloomberg reported, and reached $300M in February 2026, its CEO said.
| Date | Figure | Basis | Source |
|---|---|---|---|
| Feb 2026 | $300M | Reported | Music Business Worldwide |
| Oct 2025 | $100M+ | Reported | Music Business Worldwide |
A run rate such as annual recurring revenue is a month's revenue times twelve. It isn't audited revenue. The Wall Street Journal put annual revenue at $200M in November 2025, and in October 2026 Shulman said Suno was far beyond $300M.
How Suno makes money
Subscriptions bring in most of the money. The Wall Street Journal reported in November 2025 that Suno's revenue came mainly from subscriptions (Music Business Worldwide).
In their September 2026 complaint, Universal and Sony said Suno makes hundreds of millions a year and projects $1bn in revenue by 2028 (The Next Web).
- Free and paid tiers. Anyone can make songs for free. Sacra lists Pro at $8 a month for about 500 songs and Premier at $24 a month for about 2,000 songs. Sacra
- Downloads. Since the Warner Music Group deal of November 2025, downloads need a paid account. Free songs can still be played and shared. Paid tiers have monthly download caps, and extra downloads can be bought. Sacra
- Costs. Sacra says GPU compute is Suno's largest expense, several times its payroll costs. Sacra
Products
- Bark (April 2023). An open-source text-to-speech and audio model, released on GitHub. Wikipedia
- Suno (widely available from December 20, 2023). The web app opened to the public, and Suno was added to Microsoft Copilot as a plugin. Wikipedia
- V3 and the mobile app. V3 reached all users on March 21, 2024, and a mobile app followed on July 1, 2024. Wikipedia
- v4 (November 19, 2024). An upgrade to its song model. Wikipedia
- Suno Studio (September 25, 2025). An audio workstation for Premier subscribers. Suno v5.5 followed on March 26, 2026. Wikipedia
- Songkick (November 2025). A concert-discovery platform Suno bought from Warner Music Group as part of their settlement, for an undisclosed sum. Rolling Stone
- v6, v6-wild and v6-mini (September 9, 2026). A new model family built with licensed data from labels and distributors, among them Warner Music Group, BMG and Believe. Suno plans to retire its older models. TechCrunch
- Speech (public beta October 1, 2026). A model that makes spoken voice and background music together as one track. Music Business Worldwide
Users and usage
Suno passed 2 million paying subscribers in February 2026, and it says more than 100 million people have used the platform (Music Business Worldwide).
At its Series D in June 2026, Suno said users make over 7 million tracks a day (Tech Funding News).
In October 2026 Mikey Shulman said subscribers were far beyond 2 million. He gave no new figure.
Leadership
Suno had roughly 200 staff at its June 2026 Series D and planned to grow by up to 70% before year-end (MLQ.ai). Crustdata counted 490 employees in October 2026.
- Mikey Shulman, co-founder and CEO. He headed machine learning at Kensho, which S&P Global acquired, before starting Suno. Suno's blog
- Georg Kucsko, co-founder and CTO. Crustdata
- Cherry Miao, chief financial officer, the company's first. She announced the role on September 14, 2026, after serving as CFO at Hightouch. Music Business Worldwide
- Brinn Sanders, chief operating officer. Crustdata
- Jeremy Sirota, chief commercial officer. Crustdata
- Paul Sinclair, chief music officer. He was an Atlantic Records executive at Warner Music Group and joined Suno in July 2025. Music Business Worldwide
- Jack Brody, chief product officer. He joined in November 2024 after a decade at Snap, most recently as head of product. Suno's blog
Who owns Suno?
Its founders, staff and investors. As a private company it doesn't publish who holds what, and no stake has been disclosed. No other company owns it.
- Bond Capital led the Series D of over $400 million in June 2026. Suno's blog
- Menlo Ventures led the $250M Series C in November 2025. Suno's blog
- IVP, Forerunner, Union Square Ventures, Alkeon and Quiet joined in the Series D. Suno's blog
- Lightspeed, Matrix, Menlo Ventures and Schroders Capital took part in the Series D as existing investors. Suno's blog
- NVentures and Hallwood Media took part in the Series C. NVentures is the venture arm of Nvidia. Suno's blog
- Nat Friedman, Daniel Gross and Founder Collective are also listed among its investors by Sacra. Sacra
Competitors
- ElevenLabs began with AI voice and moved into music in August 2025 with what is now ElevenMusic. It was valued at $22 billion after a $300 million employee tender in September 2026. Music Business Worldwide
- Udio competes directly with Suno in consumer AI music, according to Sacra. Sacra
- OpenAI is reportedly building a generative music tool. Sacra
- Google, with Lyria RealTime, which makes instrumental music in real time. Sacra
Timeline and latest news
From its founding to the latest reports, newest first.
- Nov 6, 2026Latest
Eight Mile Style, Eminem's publisher, sued for more than $41 million. Yahoo News (Detroit Free Press) - Nov 6, 2026Latest
Elvis Presley Enterprises sued over copyright and voice cloning. Billboard - Oct 1, 2026Latest
Opened a public beta of Speech, which makes voice and music as one track. Music Business Worldwide - Sep 18, 2026
Universal and Sony filed a second suit, over 60,202 recordings. The Next Web - Sep 9, 2026
Launched its v6 models, built with licensed music data. TechCrunch - Jul 31, 2026
A Munich court ruled for GEMA, finding copyright infringement. Music Week - Jun 3, 2026
Raised over $400 million at a $5.4 billion valuation, led by Bond Capital. Suno's blog - Feb 25, 2026
Mikey Shulman said Suno reached $300 million in annual recurring revenue and 2 million paid subscribers. Music Business Worldwide - Nov 25, 2025
Settled Warner Music Group's lawsuit, which became a licensing partnership. Rolling Stone - Nov 19, 2025
Raised $250 million at a $2.45 billion valuation, led by Menlo Ventures. Suno's blog - Jun 2024
Universal and Sony sued for copyright infringement in Massachusetts. The Next Web - Dec 20, 2023
Became widely available on the web and in Microsoft Copilot. Wikipedia
Legal matters
Labels, publishers, artists and collecting societies have sued Suno over the music it trained on and the voices it can copy. Warner Music Group settled and became a licensing partner. In July 2026 a German court ruled against Suno, and several US cases are open as of November 2026.
- Universal and Sony (filed June 2024, District of Massachusetts). The copyright suit is still running. The court let the labels add a claim over ripping YouTube streams. On August 18, 2026 it refused to let them add 61,026 more recordings. The Next Web
- Universal and Sony, second suit (filed September 18, 2026, District of Massachusetts). It covers 60,202 recordings. Suno had not responded when it was reported. The Next Web
- Warner Music Group settled its suit on November 25, 2025. The case became a licensing partnership, and Warner is no longer a plaintiff. Rolling Stone
- GEMA (filed January 21, 2025, Munich). The Munich Regional Court ruled for GEMA on July 31, 2026, finding infringement from training on its repertoire and from storing and reproducing it. Damages are still to be set. Suno said it was weighing options, including an appeal. Music Week
- Koda has also taken legal action, according to Sacra. It is a European collecting society like GEMA. Sacra
- Jason Isbell, David Lowery, Guy Forsyth and Eduardo Calle brought an identity class action. Suno asked a Boston federal court to dismiss it, in a motion first reported on November 3, 2026. AI Musicpreneur
- Eight Mile Style (filed November 6, 2026). The publisher controls 269 Eminem compositions and seeks more than $41 million in damages. Yahoo News (Detroit Free Press)
- Elvis Presley Enterprises (filed November 6, 2026). It claims copyright infringement and says voice cloning breaks Presley's likeness rights. Billboard
What others say about Suno
Moments where people outside the company talk about it.
Rick Beato · Lex Fridman Podcast · Mar 1, 2026
“you have to be able to recognize when it spits out something good.”
1:46:13 Why AI songs get spotted, and who benefits from AI 5 min
Erik Bernhardsson · Unsupervised Learning · Oct 28, 2026
“We have customers like Suno and Runway that use us for regenerative video and audio.”
21:21 Inference providers need a platform beyond token serving 4 min
Erik Bernhardsson · Latent Space · Oct 22, 2026
“And late 2023, we got Suno as a big customer.”
7:38 A Stable Diffusion customer brought Modal its first meaningful revenue 3 min
Questions people ask
Is Suno a public company? Can I buy Suno stock?
No. Suno is private and has no ticker, so its shares aren't sold on any exchange. Private sales go through marketplaces such as Nasdaq Private Market and need the company's approval.
When will Suno IPO?
Suno hasn't said. It has not publicly stated an intention to list, Music Business Worldwide reported in October 2026. A July 2026 job listing mentioned IPO readiness controls.
Who owns Suno?
Its founders, staff and investors, including Bond Capital, Menlo Ventures, Lightspeed, Matrix, IVP and NVentures. Stakes haven't been disclosed.
Who is the CEO of Suno?
Mikey Shulman, who co-founded Suno after heading machine learning at Kensho.
Who founded Suno?
Mikey Shulman, Georg Kucsko, Martin Camacho and Keenan Freyberg, who all worked at Kensho. Sacra gives 2022 as the founding year, and The Next Web says July 2023.
How much is Suno worth?
$5.4B post-money at its Series D in June 2026, Suno said. No later round has been reported.
How much revenue does Suno make?
Its CEO said it reached $300M in annual recurring revenue in February 2026 (Music Business Worldwide). In October 2026 he said it was far beyond that, with no new figure.
Is Suno profitable?
Suno hasn't published profit or margin figures. Sacra says GPU compute is its largest expense, several times its payroll costs.
How does Suno make money?
Mostly subscriptions. It has a free tier and paid plans, which Sacra lists at $8 and $24 a month. Downloads need a paid account.
How many people use Suno?
More than 100 million people have used Suno, the company says. It passed 2 million paying subscribers in February 2026, and users made over 7 million tracks a day by June 2026.
People on Real Alpha
- Mikey Shulman, Co-founder & CEO, Suno
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How this page is sourced
Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it. Spotted something that's off? .
Last checked Nov 7, 2026