Listen Labs walks from $125M round amid Salesforce talks

Listen Labs, a voice-AI market-research startup, walked away from a signed $125 million Series C term sheet at a $1.5 billion valuation as Salesforce reportedly discussed a roughly $2 billion acquisition. TechCrunch’s account says Listen has about $30 million in annualized revenue, making the reported acquisition talk roughly 67 times revenue; neither financing nor deal is finalized. For builders buying voice-led customer research, hybrid voice-AI pilots remain a workflow decision, not proof that CRM consolidation has set a reliable price: treat the $2 billion figure as reported negotiation context, not a market-clearing value.