Amazon Acquires Eero WiFi Routers Company (AMZN)



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According to PitchBook, Eero was last evaluated at $ 215 million in a D series in 2017. It is backed by venture capital firms, including Qualcomm and Shasta Ventures. The terms of the agreement have not been disclosed.

We are incredibly impressed by the eero team and the speed with which they invented a WiFi solution that enabled connected devices to work, "said Dave Limp, Executive Vice President, Amazon Devices and Services, in a statement. We share the vision that the smart home experience can be even easier and we are committed to continuing to innovate on behalf of our customers.

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