Listen Labs walked from a signed $1.5B Menlo term sheet to negotiate a ~$2B Salesforce sale
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Listen Labs, a three-year-old startup that runs AI voice and video customer interviews for Microsoft, Canva, Anthropic and others, had signed a $125M Series C at $1.5B led by Menlo Ventures. Sources say it dropped the round for acquisition talks with Salesforce at around $2B. It has about $30M in annualized revenue and was valued at $500M in January. That is roughly a 67x revenue multiple for AI market research, a category incumbents are now buying rather than building.