Amazon acquires Eero, maker of smart home Internet routers
Eero is a maker of smart home Internet routers and now Amazon's latest acquisition. CNBC reports that Amazon is acquiring the San Francisco-based company, marking the retailer’s continued moves into this space, following its $1 billion acquisition of video doorbell firm Ring as well as its banner smart home product, Echo.
Nick Weaver, Amos Schallich and Nate Hardison founded Eero in 2014 to make Wi-Fi simpler, more accessible and more reliable across many rooms in a house. A single Eero device sells for $199 and provides coverage for up to 1,500 square feet. In addition to these devices, customers can purchase a “beacon” for another room for an extra $149 or buy both a router and a beacon in a $299 bundle.
CNBC reported earlier that in 2015, Eero pre-sold $2.5 million worth of products in its first two weeks.
“By joining the Amazon family, we’re excited to learn from and work closely with a team that is defining the future of the home, accelerate our mission, and bring eero systems to more customers around the globe.”
“From the beginning, eero’s mission has been to make the technology in homes just work,” said Nick Weaver, Co-Founder and CEO of eero, in a press release. “We started with WiFi because it’s the foundation of the modern home. Every customer deserves reliable and secure WiFi in every room. By joining the Amazon family, we’re excited to learn from and work closely with a team that is defining the future of the home, accelerate our mission, and bring eero systems to more customers around the globe.”
"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," Dave Limp, senior vice president of Amazon devices and services, added.