Amazon Acquires Blink, Maker of Wi-Fi Security Cameras and Video Doorbell
26 December, 2017, 02:04 | Author: Marjorie Miles
Just in time for the holidays, Amazon has acquired Blink, a venture-capital backed startup that makes home security cameras. One camera unit sells for $99 on Amazon. Blink was set up by Immedia, which develops chips for image processing and video compression, along with more affordable noise reduction. Financial terms of the acquisition were not disclosed, and Amazon did not reply to an AFP inquiry. We'll continue to operate under the Amazon umbrella selling and supporting the same great products you know and love. "We're excited to welcome their team and invent together on behalf of customers".
Amazon.com, Inc. shares closed at $1,168.36 on Friday, down $-6.40 (-0.54%). Now in late December of 2017, Amazon's officially purchased the company. The most ambitious retailers are also experimenting with technologies that let them deliver not just to a doorstep, but inside a home. The company's plan is to also release a full home security system at some point in the near future. The deal was announced today, and for the moment will see Blink continue to operate as-is, with no changes to the company's line-up. Preliminary reviews are mixed.
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Assumedly, Amazon will use Blink's cameras in conjunction with its Key service for Amazon Prime members, which allows deliveries within people's homes when they aren't there.
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After shipping its original camera in January 2016, Blink launched an outdoor camera with night vision capabilities later in the year.
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