Amazon to acquire mesh router maker Eero in latest smart home push
Amazon has entered a definitive merger agreement to acquire the mesh router company Eero for an undisclosed sum.
It is the latest move by Amazon to bolster its smart home business after acquiring Ring, a maker of video-enabled doorbells and home security equipment, last year in a deal valued at $1 billion.
Eero makes mesh networking hardware designed to blanket a home with a reliable and secure Wi-Fi network that eliminates dead zones, “ensuring perfect streaming video in every room, and delivering the bandwidth all connected devices need.”
Eero systems communicate with the cloud to receive instructions and updates. This means that the systems are constantly self-updating, self-fixing, and self-improving.
Eero was founded in 2014 by Nick Weaver, Amos Schallich and Nate Hardison. According to PitchBook, the San Francisco-based startup has raised $148 million in equity and debt.
Dave Limp, SVP of Amazon Devices and Services said in a news release:
“We are incredibly impressed with the eero team and how quickly they invented a WiFi solution that makes connected devices just work.
“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.”
Nick Weaver, Co-Founder and CEO of Eero, commented:
“From the beginning, Eero’s mission has been to make the technology in homes just work.
“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.”
Completion of the transaction is subject to customary closing conditions.