Amazon to acquire mesh wi-fi networking startup eero

Daniel Fowler
February 15, 2019

The price it's paying was not disclosed.

Eero is known as the company that introduced smart mesh router setups which overcomes dead zones of traditional routers and coverage problems.

With the easy-to-use eero app, customers can set up the system in under 10 minutes, share their network, program parental controls, and run speed tests on demand.

Eero's products could fill a gap in Amazon's product strategy and help users more easily set up their Fire TV, Echo, and Ring devices-as long as those users don't mind living fully in Amazon's ecosystem. Eero's access points, he said, had a lot more computing power than what was necessary for Wi-Fi, in theory paving the way for a distributed home computing platform. "The company also sells a security service for $99 a year", writes Jordan Novet for CNBC.com. It acquired smart doorbell company Blink two years ago and in 2018 snatched up Ring.

In the smart home battle, Amazon and Google are taking a leading position in the smart speaker and mesh Wi-Fi router market respectively. Eero's design utilizes multiple access points, instead of a single router, to provide strong Wi-Fi signal over an entire apartment or home, working just as advertised. "Netgear stock was down as much as 5% after hours following the announcement", Novet reports.

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"We have a shared vision that the smart home experience can get even easier, and we're committed to continually innovating on behalf of customers". Eero has raised $148 million in equity and debt, according to PitchBook Data Inc. "The San Francisco startup raised nearly $100 million in venture capital from investors including Index Ventures, Initialized Capital and Menlo Ventures", the Wall Street Journal's Maria Armental informs us.

"From the beginning, eero's mission has been to make the technology in homes just work". Google Wifi became the best-selling mesh technology Wi-Fi system in the United States in 2017. Every customer deserves reliable and secure WiFi in every room.

The company was founded in San Francisco in 2014 by Amos Schallich, Nate Hardison, and Nick Weaver. "Each of the units has [computing capability], each of them has storage, it's tied to a really robust cloud and data infrastructure, so you're able to take advantage of that to do even more".

Business Insider has reached out to Amazon for comment on more details regarding the deal and will update this story accordingly when we hear back.

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