Listen Labs abandons $1.5 billion Series C funding to pursue Salesforce talks

Listen Labs, a developer of AI‑driven audio analytics tools, has reportedly abandoned a signed Series C financing term sheet with Menlo Ventures, according to sources familiar with the matter. The agreement, which had been prepared to inject new capital into the company’s growth initiatives, was withdrawn before the closing of the round, leaving the startup to reassess its funding strategy.

The decision comes amid a broader slowdown in late‑stage venture financing, where investors are tightening due diligence and valuation expectations. Menlo Ventures, a long‑standing participant in the technology sector, has not commented publicly on the withdrawal. Listen Labs is expected to explore alternative financing options or strategic partnerships to sustain its product development and market expansion plans.