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Amazon buys wi-fi start-up eero to strengthen its smart home play

Reuters/ 12 Feb 19 | 03:49 AM

Amazon.com Inc said on Monday it has signed an agreement to buy eero, a startup company that makes home routers, to help customers better connect smart home devices.

Terms of the deal were not disclosed.

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Eero, was founded in 2014 and is headquartered in San-Francisco. It has raised $90 million from First Round Capital, Menlo Ventures, AME Cloud Ventures, Initialized Capital, Homebrew Ventures and others, according to a TechCrunch report.

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