In plans to raise $100 million at a valuation of more than $2 billion, AI music platform Suno has launched its v4.5 All, the most advanced AI music-making tool yet. Paid users have even more to look out for, including the Suno Studio!
Raising funds at a $2 billion valuation, AI music platform Suno is launching a new version of its music-making tool for users who are under its free plan.
A few weeks back, Suno launched a new version for paying subscribers along with an AI-powered DAW named Suno Studio. The new v4.5 All comes as a replacement for the previous v3.5. As per the company, this is a “transformative leap” from the previous version.
It offers better speed and sound fidelity, a smoother experience with better versatility across various genres. It is based on the 4.5+ premium version released in July,
Innovative features include an “Add Vocals” option, where users can add AI-generated vocals based on provided lyrics to an instrumental track. There is also an “Add Instrumentals” tool where you can add AI-generated backing tracks to vocals. The “Inspire” option creates songs based on user-curated playlists.
What’s More…? A v5 Along with Suno Studio – Exclusively For Paid Users
Although if you are a paid user, Suno has more to offer you. Last month, Suno released a v5 for all paid users, its “most advanced music model yet” according to various sources.
Suno claims that the v5 “composes like a musician, adapts like a collaborator, and creates like never before.” Paid customers also get access to the Suno studio, which brings together Suno’s generative AI tools and the multi-track editing functionality of a digital audio workstation (DAW). This allows users to create instrumental stems, arrange compositions, and export audio files.
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However, as the AI music-making platforms begin to increase, each of them has serious competitors. Suno is not competing with only Udio, Boomy, and Beatoven; the company could soon have to face other competitors, including OpenAI (maker of ChatGPT) and Sora, who are building their own AI music-making platform as per reports.
Suno and its rival Udio are already facing copyright infringement lawsuits from Sony Music, Universal Music Group, and Warner Music Group for using a huge number of their tracks to train its AI models without any permission. The companies have admitted this, but their argument is that this should be considered “fair use” under US copyright law. Suno and Udio are also fighting copyright suits from indie artists.
However, all of this does not seem to slow down investor interest in the platform. As per reports, Suno is planning to raise $100 million at a valuation of more than $2 billion. Presumably, Suno is currently generating roughly $100 million in annual recurring revenue.
