According to TechCrunch, AI market research startup Listen Labs recently signed a term sheet for a $125 million Series C round led by Menlo Ventures at a $1.5 billion valuation, but subsequently uncommonly withdrew, reportedly due to acquisition negotiations with Salesforce. It is understood that Salesforce is in talks to acquire the company for approximately $2 billion, though the deal has not been finalized. Founded in 2023, Listen Labs automates customer interviews and generates research reports using voice and video AI. It currently generates approximately $30 million in annualized revenue and serves major clients including Microsoft, Canva, and Anthropic. If the Salesforce negotiations fall through, several VCs anticipate the company will return to the fundraising market with a target valuation of $2 billion or higher. Its previous round was a $69 million Series B led by Ribbit Capital in January of this year, at a $500 million valuation.
AI startup Listen Labs halts $125 million Series C financing amid Salesforce acquisition talks
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Summary
AI startup Listen Labs has withdrawn from a $125 million Series C financing round led by Menlo Ventures at a $15 billion valuation, as it reportedly enters acquisition talks with Salesforce. The company, valued at $5 billion following a $69 million Series B round in January 2026, is said to be negotiating a $2 billion buyout. Listen Labs, which automates customer interviews using voice and video AI, serves clients including Microsoft and Canva. If the deal falls through, venture capitalists expect it to resume fundraising with a $20 billion target. This development adds new AI + crypto-related news to the market landscape.
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