Legally embattled AI music startup Suno raises at $2.45B valuation on $200M revenue | TechCrunch

Image for article Legally embattled AI music startup Suno raises at $2.45B valuation on $200M revenue | TechCrunch
News Source : TechCrunch

News Summary

  • Suno, which allows anyone to create AI-generated songs through prompts, has raised a $250 million Series C round.
  • The round was led by Menlo Ventures with participation from Nvidia’s venture arm NVentures, as well as Hallwood Media, Lightspeed, and Matrix.
  • The company is battling a suit by three major record labels — Sony Music Entertainment, Universal Music Group, and Warner Music Group — which alleges Suno trained on copyrighted materials scraped off the Internet without permission.
If you want insight into just how worried VCs (and Silicon Valley, generally) are over legal challenges to AI training on copyrighted material, look no further than AI music site Suno.Suno, which [+2358 chars]

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