SUNO RAISES $250M+ AT $5B VALUATION
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Bond Capital is leading a new funding round for AI music startup Suno, valuing the company at approximately $5 billion. The round represents more than a doubling of Suno's valuation from $2.45 billion last fall.
■ MORE FROM THE STARTUPS DESK
SolarSquare is in talks to raise up to $60 million in funding, with a potential valuation of $500 million. The financing round reflects growing venture capital interest in India's rooftop solar market.
College social app Fizz has expanded its lawsuit against competitor Sidechat, alleging that a Maveron venture capitalist shared confidential information obtained during a 2022 fundraising pitch with the rival startup.
Phia, a shopping app co-founded by Phoebe Gates, is allegedly using cookie stuffing—a fraudulent technique involving fake clicks—to claim unearned affiliate commissions. The startup has raised $43.5 million to date.
Toni Schneider has been promoted from interim to permanent CEO of Bluesky, four months after taking the role in March. Schneider, formerly CEO of Automattic, commits to leading the decentralized social platform.