Amazon is acquiring WiFi router company Eero

Amazon is acquiring the home mesh wi-fi router company Eero, the companies announced in a press release Monday.

Eero was last valued at $215 million in a Series D in 2017. It's backed by venture capital firms including Qualcomm and Shasta Ventures The terms of the deal were not disclosed.

"We are incredibly impressed with the eero team and how quickly they invented a WiFi solution that makes connected devices just work," said Dave Limp, SVP of Amazon Devices and Services, said in a statement. "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."

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