It is said that Amazon had paid around $1 billion USD for Ring. The acquisition, comes just a few months after Amazon had acquired another video doorbell startup, Blink.
“Ring is committed to our mission to reduce crime in neighborhoods by providing effective yet affordable home security tools to our neighbors that make a positive impact on our homes, our communities, and the world,” a Ring spokesperson said in a statement. “We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon. We look forward to being a part of the Amazon team as we work toward our vision for safer neighborhoods.”
It seems that Amazon wants to go toe-to-toe with Nest and the latest acquisitions of Ring and Blink are sure to help with that, especially now that Google’s hardware team and the Nest team are going to be more closely integrated.
“Ring’s home security products and services have delighted customers since day one,” an Amazon spokesperson said in a statement. “We’re excited to work with this talented team and help them in their mission to keep homes safe and secure.”
Amazon is said to let Ring continue to operate on their own, just like with Audible and Twitch.
Previously, Amazon had invested in Ring via their Alexa fund, which helps company’s build skills and products that work with their Alexa platform.