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Amazon is acquiring WiFi router company Eero (AMZN)
| 02/12/2019 | Posted by BusinessMediaguide.Com under General World News |
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Amazon is acquiring the home mesh WiFi router company Eero, the companies announced in a press release Monday.
Eero was last valued at $215 million in a Series D in 2017, according to PitchBook. It’s backed by firms including Qualcomm and Shasta Ventures. The terms of the deal were not disclosed.
Eero was one of the pioneers of so-called mesh networking: Rather than rely on one WiFi router to cover an entire home or office, Eero asks customers to plug in several smaller routers. Each so-called Eero Beacon added to the system improves the WiFi coverage by 1,000 square feet, the read more >>>
Source:: BusinessInsider.Com
