Title image source: www.edm.com

AI music platform Suno generates more music than all the tracks available on Spotify combined every two weeks, according to internal investor documents obtained by Billboard. The staggering figure amounts to approximately 7 million songs generated on the platform per day.

Those insights came to light from Suno’s recent investor pitch deck, part of a recent fundraising effort that netted the company $250 million in Series C funding. Led by Menlo Ventures with backing from NVIDIA’s NVentures and Hallwood Media, the round valued the company at $2.45 billion, reflecting Silicon Valley’s continued enthusiasm for AI’s disruptive potential in the entertainment space.

If the sound of the future is AI-generated, it’s already playing on loop and at a deafening scale. Suno’s user base, most commonly men aged 25 to 34, are spending an average of 20 minutes crafting each song. That simplicity is part of the controversial platform’s appeal. With nothing more than a text prompt, users can produce full-length tracks complete with instrumentals and vocals.

But behind the valuation bump, Suno faces scrutiny. The company is battling multiple lawsuits, including complaints from the world’s largest record labels, who have collectively accused Suno of engaging in widespread copyright infringement of their recordings “at an almost unimaginable scale.”

The company claims to have 1 million subscribers, a 78% weekly retention rate among them, and 350,000 weekly returning users who previously left the service. The trend suggests a deeply engaged user base despite the industry’s regulatory headwinds. Its roadmap includes new social features, like a TikTok-style video feed with an in-app “create hook” function for collaborative song iteration.

For its investors, Suno is representative of nearly 100 million people who have used the platform to generate music thus far, a sign they’re rewriting the scale of music creation in real time.

Article Originally Posted on www.edm.com