AI Startup Listen Labs Scrapped $1.5B Round for Salesforce Talks
Summary
AI research startup Listen Labs has walked away from a signed Series C term sheet with Menlo Ventures to pursue talks with Salesforce.
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Artificial intelligence research startup Listen Labs has abandoned a planned $1.5 billion funding round in favor of pursuing discussions with enterprise software giant Salesforce.
According to sources, the startup walked away from a signed Series C term sheet previously agreed upon with venture capital firm Menlo Ventures. The decision to scrap the major investment round highlights a strategic pivot toward potential dealmaking with Salesforce.
Source: TechCrunch
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