On Monday, Amazon said it was acquiring Eero, a developer of internet routers that could easily be connected to the home.
"We have a common vision that the smart home experience can be even easier, and we are committed to continuing to fo Renew on behalf of customers, says Dave Limp, senior vice president of Amazon units and services, in a statement.
An Eero unit costs $ 199 and covers up to 1500 square feet. Users can add a so-called beacon for another room for an additional $ 149 or can buy both combined for $ 299. The company also sells a $ 99 security service a year.
"You need to be able to respond quickly to customers and at the same time think long enough to think about what the hardware needs to do in the future," said Weaver in an interview in 2016. A graduate of Stanford University and former venture capitalist Weaver has more than 150 people are listed as Eero employees on LinkedIn, the company raised at least $ 90 million from investors, including Index Ventures, Playground Global and Redpoint Ventures.Eero terminated one-fifth of its employees in Last year, TechCrunch reported.
Subscribe to CNBC on YouTube.