AI music company Suno announced on Thursday the acquisition of WavTool, a browser-based AI digital audio workstation (DAW). The move aims to enhance Suno's editing capabilities in song creation and production. WavTool, launched in 2023, offers various features, including audio separation, AI audio generation, and an AI music assistant, and is expected to be integrated with Suno's latest editing interface.
Although the specific terms of the acquisition have not been disclosed, a company spokesperson stated that most of WavTool's employees have joined Suno's product and engineering teams, while the number of employees who did not join remains undisclosed. The timing of this acquisition is rather delicate, as Suno is currently facing multiple lawsuits.
At the beginning of this month, country musician Tony Justice and his music company 5th Wheel Records filed a lawsuit against Suno, accusing the company of using copyrighted audio recordings when training its AI music generator. This accusation is similar to copyright infringement lawsuits filed by several major music companies, including Universal Music, Warner Music, and Sony Music, last year. According to Bloomberg, these major music companies are currently in licensing negotiations with Suno.
Suno acquired WavTool a few months ago, and the browser DAW is expected to launch in November. The release of this acquisition announcement seems to aim at diverting public attention from ongoing legal battles. Legal disputes can shake investor confidence, so the announcement of the acquisition may be intended to convey a signal that Suno is still committed to development.
In May of this year, Suno secured $125 million in funding, providing strong support for its future development.
Key Points:
🎵 Suno acquired the AI digital audio workstation WavTool to enhance music editing capabilities.
⚖️ This acquisition took place against the backdrop of Suno facing multiple copyright lawsuits.
💰 Suno successfully raised $125 million this May to support the company's continued development.