Amazon has announced that it will acquire Eero, one of the biggest players in the networking hardware space known for its easy-to-set up mesh Wi-Fi solutions.
Bay Area-based Eero, named after Finnish industrial designer Eero Saarinen, has been in operation since early 2015. It has already shipped several products. Neither Amazon nor Eero revealed how much money the tech giant paid in the acquisition, but Eero had raised $90 million in venture capital since its founding.
In case there was any doubt that the acquisition is part of a larger smart home strategy, a quote in Amazon's press release from SVP of Amazon Devices and Services Dave Limp named that as a reason right off the bat: