Amazon is acquiring WiFi router company Eero, which helps blanket your entire home with strong wireless internet signal

Amazon is acquiring WiFi router company Eero, which helps blanket your entire home with strong wireless internet signal

12th February 20190Byadmin

Amazon is acquiring the home “mesh” Wi-Fi router company Eero, the companies announced in a press release on Monday.

The deal is the latest indication of Amazon’s expansive effort to control the electronic “plumbing” of modern homes and lifestyles, adding to a lineup of Amazon products that includes smart speakers and internet-connected doorbell cameras.

Amazon did not disclose the financial terms of the deal, though it said the deal was subject to “customary closing conditions.”

Eero was last valued at $215 million in a Series D funding round in 2017, according to PitchBook. It’s backed by firms such as Qualcomm and Shasta Ventures.

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