Listen Labs, a startup using voice AI for customer interviews, walked away from a signed $125 million Series C funding round led by Menlo Ventures. The funding likely fell through due to ongoing acquisition talks with Salesforce, which is considering buying the company for around $2 billion. Listen Labs, valued previously at $1.5 billion, generates about $30 million in annual revenue and competes with startups like Simile. If acquisition talks fail, Listen Labs may seek a $2 billion or higher valuation in future funding rounds.
Salesforce announced it is acquiring Braze for nearly $6 billion in cash, offering $47.50 per share, a 58% premium over Braze's recent closing price of $30.04. Despite the strategic move to expand its customer engagement platform, investors reacted n...
Salesforce's stock fell 2% following its announcement to acquire Braze, a customer engagement platform, for $5.66 billion in cash. The deal aims to enhance Salesforce's Marketing Cloud with Braze's real-time personalized messaging and AI-powered tool...
Shares of Palantir, ServiceNow, and Salesforce dropped 4-5% amid investor worries about how AI infrastructure spending is financed. These companies, which sell AI-enhanced software on subscription models, are affected as doubts grow about the sustain...
