Amazon buys smart doorbell maker Ring for a reported $1 billion

[monowarkamal]

Amazon buys smart doorbell maker Ring for a reported $1 billion
Amazon is reportedly buying smart doorbell maker Ring for more than $1 billion.
Amazon has previously invested in Ring through the Alexa Fund, its investment arm exclusively investing in Alexa-powered devices.
Ring has raised $209 million so far and was last valued at $760 million, according to Pitchbook.


https://www.cnbc.com/2018/02/27/amazon-buys-ring-the-smart-door-bell-maker-it-backed-through-alexa-fund.html