Amazon is acquiring WiFi router company Eero
Feb 12, 2019, 03:32 IST
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Amazon is acquiring the home mesh wi-fi router company Eero, the companies announced in a press release Monday.
Eero was last valued at $215 million in a Series D in 2017. It's backed by venture capital firms including Qualcomm and Shasta Ventures The terms of the deal were not disclosed.
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"We are incredibly impressed with the eero team and how quickly they invented a WiFi solution that makes connected devices just work," said Dave Limp, SVP of Amazon Devices and Services, said in a statement. "We have a shared vision that the smart home experience can get even easier, and we're committed to continue innovating on behalf of customers."