Amazon to acquire mesh Wi-Fi router startup 'Eero' to help connect home devices

Published On: 12, Feb 2019 | Source: Hindustantimes

Amazon.com Inc. has agreed to acquire Eero, a builder of Wi-Fi-networking tools, in another deal aimed at bolstering the retail and technology giant’s home devices business.

Eero, based in San Francisco, makes gadgets that extend Wi-Fi coverage throughout a home using local networking, known as mesh technology, that removes hiccups in broadcasting internet signals.

The companies didn’t disclose the purchase price Monday when they announced the acquisition. Eero has raised $148 million in equity and debt, according to PitchBook Data Inc.

ALSO READ: Amazon at CES 2019: Alexa comes to tablets, laptops, mirrors and doorbells

Amazon, builder of the hit Echo smart speaker line, is behind a growing range of home electronics, from Fire TV streaming sticks to a voice-controlled microwave. Last year, the company bought Ring, a builder of video doorbells and home security gear.

First Published: Feb 12, 2019 11:04 IST