Salesforce Acquisition Talks Stall Listen Labs Funding Round

Listen Labs, a market research startup that leverages voice AI for customer interviews, recently abandoned a $125 million Series C funding round at a $1.5 billion valuation.

The term sheet was set to be led by Menlo Ventures, but the startup chose not to pursue it.

This decision likely stems from acquisition talks with Salesforce, which reportedly offered to buy Listen Labs for around $2 billion in recent discussions.

Listen Labs uses AI to automate customer interviews and has about $30 million in annualized revenue, making it a leading player in the rapidly growing field of automated market research.