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AI Music Platform Suno Secures $400M Funding, Valuation Reaches $5.4B

Suno, an AI-powered music generation platform, announced Wednesday it has raised $400 million in a funding round led by Bond Capital, bringing the company's valuation to $5.4 billion. IVP, Forerunner, Union Square Ventures, and Alkeon Capit

Variety Music·Jun 3, 2026·via Variety Music

AI Music Platform Suno Secures $400M Funding, Valuation Reaches $5.4B

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Jun 3, 2026 8:20am PT

AI Music Company Suno Raises $400 Million at $5.4 Billion Valuation

By Corbin Bolies

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Corbin Bolies

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Suno , an AI music generation platform, pocketed $400 million in its latest funding round, which the company says values the company at $5.4 billion.

The funding round, announced Wednesday, was led by Bond Capital, with IVP, Forerunner, Union Square Ventures, Alkeon Capital Management and Quiet joining the mix. Previous investors who joined the Series D funding round include Matrix, Lightspeed, Menlo Ventures and Schroders Capital, Suno CEO Mikey Shulman wrote in a blog post.