February 18, 2019

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Amazon to buy wi-fi startup eero

Feb 11, 2019 |

(Reuters) - 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. (https://reut.rs/2tg7Qur)

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.

 

(Reporting by Arjun Panchadar in Bengaluru; Editing by Shounak Dasgupta)

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