Following Their Purchase Of Blink And Ring, Amazon Continues Plans To Build Complete Smart Home Solutions By Funding Ecobee And Their Smart Thermostats
Amazon recently funded Ecobee, a smart home device manufacturer, with their Alexa fund. The company mainly makes smart thermostats but also has sensor packages which can connect to the thermostats and let the user control the hot and cold area in the houses. The Alexa fund was started with the goal of investing in third-party hardware companies which would create their devices to be compatible with, or embedded with Alexa.
This investment by Amazon is closely preceded by its purchase of Blink and Ring. This shows that Amazon is clearly serious about making a mark in the smart home market.
Its ongoing support of Ecobee suggests that the company is at least exploring the idea of adding smart thermostats, sensors, and light switches to its own product suite, which would allow it to build a more complete smart home ecosystem around the Echo products.
Unfortunately, the market is slow with not many consumers. Amazon has to deal with trying to make a profit with while dealing with increasingly competent rivals. The sheer popularity of smart home voice control has led many users to buy these devices. Amazon Echo has become a favorite among the customers.
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