Archives: Briefings

U.S. seeks to review Zoom’s US$14.7B acquisition of Five9

A Justice Department-led committee has asked the Federal Communications Commission to examine whether the deal “poses a risk to the national security or law enforcement interests” of the country, based on the video-chat platform’s “foreign relationships and ownership.” (The Logic)

Radical Ventures expands to San Francisco with new partner

The Toronto-based firm, which has backed several Canadian artificial intelligence startups, hired Rob Toews as its first Bay Area partner. Toews, a Harvard University graduate, previously worked at Highland Capital Partners, as well as autonomous-vehicle company Zoox, which was acquired by Amazon, and in politics and consulting. (The Logic)

Coinbase cancels Lend launch after regulatory pushback

The cryptocurrency company said it will not proceed with the planned launch of a lending product that would have given customers a fixed yield on their holdings of USD Coin, a stablecoin pegged to the U.S. dollar. (The Logic)

U.K. to promote cross-border data flows, online customs in digital-trade push

The British government will seek to open up digital markets and include digital-trade provisions in free-trade agreements, while backing the development of paperless trade processes for contracting and border checks. New International Trade Secretary Anne-Marie Trevelyan announced the plan Monday at London Tech Week. (The Logic)

CarbonCure Technologies plans new fundraise, possible IPO

The company has raised at least US$11.19 million so far from grants and fundraising rounds, according to PitchBook, though it has not disclosed the amounts of several investments. The Halifax-based firm makes concrete with a reduced carbon footprint. (The Globe and Mail, The Logic)