Reports: Amazon buys Ring for US$1B
According to multiple reports, Amazon has acquired smart doorbell company Ring for just over US$1 billion.
February 28, 2018 By SP&T Staff
The Ring website states its technology allows the user to “Answer the door from anywhere. Get instant alerts when visitors press your Doorbell or trigger the built-in motion sensors. Then use the free Ring app to see, hear and speak to guests from your smartphone, tablet or PC.
An article in the New York Times reports:
Amazon has made home automation a major focus because of the success of its Echo family of products, which allow users to control thermostats, surveillance cameras and other connected devices using voice commands.
Amazon’s Echo Spot device already works with Ring doorbells, allowing people to look at footage from the cameras on the Echo Spot’s screen. Amazon had invested an undisclosed amount in Ring through its Alexa Fund, which finances start-ups that integrate their products with Alexa, the Amazon intelligent assistant that powers Echoes and other devices.
Read the full article here.
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