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Amazon is acquiring home WiFi start-up Eero
CNBC
Mon, 11 Feb 2019 21:56

Amazon is acquiring home WiFi start-up Eero

CNBC
Mon, 11 Feb 2019 21:56

Amazon on Monday said that it has acquired Eero, a start-up that developed home internet routers that can be connected with one another inside homes.

Amazon is acquiring home WiFi start-up Eero
Terms of the deal werent disclosed.

Google has a competing product called Google Wifi. Apple discontinued AirPort home routers last year.

"We are incredibly impressed with the eero team and how quickly they invented a WiFi solution that makes connected devices just work," Dave Limp, senior vice president for Amazon devices and services, said in a statement. "We have a shared vision that the smart home experience can get even easier, and were committed to continue innovating on behalf of customers."
While Amazon is focusing its smart home efforts on the Echo, the company is proving willing to acquire where it makes sense. Last march, Amazon acquired Ring for $1 billion, jumping into the market for video doorbells.

Eero was founded in 2014 and had headquarters in San Francisco. More than 150 people are listed as Eero employees on LinkedIn. Investors include Playground Global, Redpoint Ventures and Shasta Ventures.

This is a developing story.

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