Amazon buys Blink wire-free connected camera startup

Amazon buys smart camera and doorbell startup Blink

Financial terms of the deal have not been disclosed at this stage, but the retailer is making a serious push into smart home and connected security products. We'll continue to operate under the Amazon umbrella selling and supporting the same great products you know and love.

Blink is best known for its wireless security cameras which originally launched on Kickstarter before quickly receiving over $1 million in funding. It's Day 1 for us at Amazon, and we're looking forward to seeing what we can deliver to our customers together. Blink had raised almost $30 million in funding, most recently $3 million in convertible debt this past February, according to VC-research firm PitchBook.

Amazon shares are down 0.3%. Now in late December of 2017, Amazon's officially purchased the company.

Home delivery has in recent years become commoditized, so that we now set our expectations in hours rather than days.

Also, it will be a wire-free design, which means it won't have to replace a pre-existing wired doorbell.

Blink announced the acquisition in a brief post on its blog earlier today. Preliminary reviews are mixed.

Amazon unveiled its own Cloud Cam security camera in the fall.

As with any new technology, the key question is whether people will accept it. Blink has obviously tried to brand its wireless security cameras as friendly and comforting, rather than another intrusion into our private lives.

The move could help Amazon compete in the fast-growing home security camera market and against similar devices made by Nest, a subsidiary of Google parent company Alphabet.

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