Suno is intensifying its efforts to become IPO-ready by seeking a Director of Accounting to join its newly forming finance team. The role is designed to support the Controller and lead the company through its first-year financial audit while establishing the controls typical for a public listing.
The position involves overseeing monthly financial closes, consolidations, and the general ledger for what Suno describes as a fast-growing, global business. Candidates with deep expertise in US GAAP, CPA qualification, and experience in first-year audits are prioritized. Additional preferred skills include IPO readiness, SOX compliance, multi-entity accounting, mergers and acquisitions integration, and familiarity with music royalties or intellectual property accounting.
The San Francisco-based role offers a competitive base salary positioned between $210,000 and $260,000. Suno emphasizes the importance of a considered approach to artificial intelligence in the accounting processes, reflecting its core business model as an AI-powered music platform.
This recruitment coincides with Suno’s recent $400 million funding round that valued the company at $5.4 billion, a significant leap from its previous $2.45 billion valuation months earlier. The company’s workforce currently numbers around 200, with plans to increase headcount by up to 70% within the year. Suno also surpassed two million paid subscribers and reported annual recurring revenue of $300 million.
Alongside financial growth, Suno has bolstered its senior leadership team with notable music industry veterans, including executives formerly of YouTube, Atlantic Records, Warner Music Group, and Merlin. These hires aim to reinforce its commercial and marketing capabilities ahead of its anticipated public offering.
However, Suno faces ongoing legal challenges relating to copyright infringement. It settled with Warner Music Group under a pioneering licensing agreement that reportedly included Warner obtaining an equity stake in the company. Meanwhile, litigation with Universal Music Group, Sony Music Entertainment, and European collecting societies remains active. Furthermore, a proposed class action lawsuit from independent artists seeks to address alleged mass copyright violations.
Suno’s IPO preparation represents both a financial milestone and a strategic response to regulatory pressures as it seeks to solidify its position in the evolving AI-driven music market.