Listen Labs Cancels $1.5B Valuation Fundraise Amid Salesforce Acquisition Talks
Key point
Listen Labs canceled its Series C fundraise at a $1.5B valuation due to potential acquisition negotiations with Salesforce.
Details
AI voice-based market research startup Listen Labs canceled a $125 million Series C fundraise at a $1.5 billion valuation due to potential acquisition negotiations with Salesforce. The previously signed term sheet did not ultimately materialize.
Listen Labs is considered a leader in automating customer interviews using AI, currently recording approximately $30 million in annualized revenue. Salesforce is reportedly negotiating to acquire Listen Labs for approximately $2 billion.
If the acquisition talks succeed, Salesforce is expected to leverage Listen Labs' technology to enhance its AI capabilities for predicting customer demand.
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