February 11, 2019 / 10:18 PM / 6 months ago

Amazon to buy wi-fi startup eero

FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo

(Reuters) - Amazon.com Inc said on Monday it has signed an agreement to buy eero, a startup company that makes home routers, to help customers better connect smart home devices.

Terms of the deal were not disclosed. (reut.rs/2tg7Qur)

Eero, was founded in 2014 and is headquartered in San-Francisco. It has raised $90 million from First Round Capital, Menlo Ventures, AME Cloud Ventures, Initialized Capital, Homebrew Ventures and others, according to a TechCrunch report.

Reporting by Arjun Panchadar in Bengaluru; Editing by Shounak Dasgupta

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