Date: 2 months ago   Category: Hi-Tech

Bought Amazon the producer of the eero routers - a startup with Dmitry Grishin's investments


For the Russian investor it is already the second transaction with the online retailer.

the Online retailer Amazon acquired the eero company which makes routers for the Wi-fi home networks. It is said in a joint statement of the companies.

of the Term of transaction of the party do not disclose. Before merge to Amazon the startup attracted $90 million in several rounds, the Grishin Robotics fund of the co-founder of Mail.Ru Group Dmitry Grishin who took part in a round for $50 million in May, 2016 was one of investors of eero.

"Is one more successful exit for our fund and the first in 2019", - Grishin told vc.ru. He cannot discuss transaction details, but according to him, Grishin Robotics and other investors "made good money". eero Founded in 2014 makes

and sells routers which work on technology of mesh-network and extend Wi-Fi through several points instead of one. One eero router costs $199 and covers up to 1500 square feet (about 139 square meters). For $149 the user can buy an additional point, sets of several devices cost from $299. the Company also earns

on a subscription for safe connection of Plus which costs $99 a year and includes VPN from Encrypt.me, Malwarebytes antivirus, management of passwords through 1Password, blocking of advertizing and filtration of content for children.

Purchase of eero - the next step of Amazon in development of an ecosystem of the "smart" house, specifies CNBC. In February, 2018 the retailer bought for $1 billion the producer of "clever" calls of Ring. That transaction became the first exit for Grishin Robotics. Amazon also has own "clever" columns with the voice assistant to Alexa.

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