Mikey Shulman, co-founder and CEO of Suno, announced on LinkedIn that the AI music generator has reached 2 million paying subscribers and $300 million in recurring annual revenue.

Just a few months prior, Suno revealed a $250 million funding round that valued the enterprise at $2.45 billion. At that time, Suno informed The Wall Street Journal that annual revenue had reached $200 million — suggesting significant growth for the company in a brief period.

Suno enables users to compose music using natural language prompts, facilitating audio generation with minimal effort for those with little background in music. This development has raised concerns among musicians and record labels, leading to lawsuits against Suno for copyright violations, as its AI system was reportedly trained on pre-existing recorded music. However, Warner Music Group recently resolved its lawsuit and struck a deal that permits Suno to develop models that incorporate licensed music from its collection.

Suno has produced synthetic music that sounds realistic enough to climb the charts on platforms like Spotify and Billboard. Telisha Jones, a 31-year-old from Mississippi, utilized Suno to transform her poetry into the hit R&B song “How Was I Supposed to Know” and subsequently signed a record contract with Hallwood Media in a deal said to be worth $3 million.

Nonetheless, numerous musicians have voiced their opposition to AI’s role in music, including Billie Eilish, Chappell Roan, Katy Perry, among others.