Amazon Buys 'smart' Doorbell Firm Ring

Ring smart doorbellImage copyright Ring

Amazon has bought a US firm that makes high-tech doorbells in a move expected to help the online retailer improve how it delivers parcels.

Ring makes doorbells that record live videos of customers' doorsteps, then sends the videos to their smartphones.

The doorbell could help Amazon customers trust its new service which lets couriers open people's front doors and put deliveries inside.

Amazon is reported to have paid more than $1bn to secure the Ring deal.

Amazon and Ring both declined to comment on the price, which was reported by Reuters.

An Amazon spokesman said it bought Ring to help customers keep their homes "safe and secure."

Ring said working with Amazon will allow it to "achieve even more" as it develops home security products.

Amazon's smart speaker Alexa already works with Ring gadgets and Amazon's venture capital arm invested in Ring last year.

Founded in 2012, Ring has more than 2,000 employees, about one million customers and estimated sales in 2016 of $155m, the Los Angeles Times reported last year.

The firm was previously known as Bot Home Automation.

Amazon already makes products for the home, such as its "Cloud Cam" security camera and voice-controlled devices like the Echo speaker, which users can command to perform tasks such as turning on and off lights and playing music.

RECENT NEWS

From Chip War To Cloud War: The Next Frontier In Global Tech Competition

The global chip war, characterized by intense competition among nations and corporations for supremacy in semiconductor ... Read more

The High Stakes Of Tech Regulation: Security Risks And Market Dynamics

The influence of tech giants in the global economy continues to grow, raising crucial questions about how to balance sec... Read more

The Tyranny Of Instagram Interiors: Why It's Time To Break Free From Algorithm-Driven Aesthetics

Instagram has become a dominant force in shaping interior design trends, offering a seemingly endless stream of inspirat... Read more

The Data Crunch In AI: Strategies For Sustainability

Exploring solutions to the imminent exhaustion of internet data for AI training.As the artificial intelligence (AI) indu... Read more

Google Abandons Four-Year Effort To Remove Cookies From Chrome Browser

After four years of dedicated effort, Google has decided to abandon its plan to remove third-party cookies from its Chro... Read more

LinkedIn Embraces AI And Gamification To Drive User Engagement And Revenue

In an effort to tackle slowing revenue growth and enhance user engagement, LinkedIn is turning to artificial intelligenc... Read more