Salesforce to acquire AI customer research startup Listen Labs in reported $2B deal
Article excerpt
Highlighted: the sentence this signal was extracted from
Salesforce Inc. has signed a definitive agreement to acquire artificial intelligence customer research startup Listen Labs Inc. , three weeks after reports first surfaced that the two companies were in talks. Business Insider broke the news of the negotiations on Sept. 9 and reported that the price under discussion was about $2 billion. Neither company disclosed terms. Salesforce expects the deal to close in the fourth quarter of its fiscal 2027, pending regulatory clearance. The Listen Labs deal follows Salesforce's agreement in June to buy customer service automation company Fin for about $3.6 billion. Listen Labs builds AI agents that do the legwork of customer research. In a blog post Wednesday on the deal, co-founder and Chief Executive Alfred Wahlforss said the platform now "finds the right people, interviews them, analyzes what they say, and even simulates how they'll behave." Salesforce said the startup's recruiting network reaches more than 50 million potential participants, with interviews possible in more than 120 languages. The simulation side runs on digital twins. Listen Labs creates those from real customer behavior so a company can see how buyers are likely to respond before it commits to a decision. Research that used to take months can be done in days, Salesforce claims. Salesforce plans to put the technology to work in Marketing Cloud and Service Cloud...
Keep reading with a free account
The rest of this article, and every signal for Salesforce, is in your free account.