Connect with us

Hi, what are you looking for?


Amazon buys video doorbell startup Ring

Ring home security products include internet-linked video doorbells that can connect to smartphones to show people who is at their doors and allow them to chat/GETTY/AFP-File

San FranciscoUnited States, Feb 28 – Amazon confirmed Tuesday that it bought video doorbell startup Ring, in a move that could help the internet giant’s delivery arm reach into people’s homes.

Financial terms of the acquisition were not disclosed, but online reports valued the deal at more than a billion dollars.

“We’re excited to work with this talented team and help them in their mission to keep homes safe and secure,” an Amazon spokesperson said.

California-based Ring first caught the spotlight with a failed quest for funding about five years ago on reality television show Shark Tank.

Ring went on to win backing from the likes of billionaire Richard Branson and Amazon’s Alexa Fund.

“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,” Ring said in a statement.

“We look forward to being a part of the Amazon team as we work toward our vision for safer neighborhoods.”

Ring home security products include internet-linked video doorbells that can connect to smartphones to show people who is at their doors and allow them to chat.

Amazon late last year unveiled a smart lock and camera combination in a move into home security.

“Amazon Key” is available exclusively to members of the internet giant’s Prime subscription service in an array of US cities.

Advertisement. Scroll to continue reading.

Key is designed to provide a secure and trackable way for packages to be delivered inside homes when people aren’t there.

Each Key kit includes an Amazon Cloud Cam synched to the internet and a smart door lock.

Prime members with the service can use a smartphone application to track packages and then watch deliveries happening or review video of in-home dropoffs.

Key allows someone making a delivery to request access to the recipient’s home, with Amazon checking to make sure the proper driver is at the right location at the intended time before unlocking doors, according to a description of the service.

A Cloud Cam providing a view of the inside entryway spurs into action when doors are unlocked, recording a delivery. Delivery people are not given access codes, as unlocking doors is done online.

The move into home security opened a new competitive front with Google’s parent company Alphabet, owner of Nest Labs, which recently expanded its line of products aimed at that market.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...