Amazon acquires smart-home startup Blink

By : |December 25, 2017 0

Amazon has acquired Blink, a startup that makes wireless home security cameras. Blink announced on its website that nothing will change for its customers at the moment. However, they will continue to operate under Amazon umbrella selling. The financial details of the acquisition were not disclosed by both the companies.

Blink, founded in 2014, builds connected Wi-fi home security cameras as well as a doorbell which was introduced last week. The Blink system starts at $99 a year, the same price as an Amazon Prime account.

Blink had raised nearly $30 million in funding, most recently $3 million in convertible debt this past February, according to VC-research firm PitchBook. The company got its start thanks to a Kickstarter campaign that raised over $1 million, and it’s known for offering wire-free products that have simple installation procedures and operate on regular batteries. Amazon in an email told Quartz, “We’re excited to welcome their team and invent together on behalf of customers.”

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With the acquisition of Blink’s wireless home security camera technology, Amazon can give a tough competition to Google which has its own set of security cameras called Nest.

 

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