Amazon bought Ring smart door calls from the founder of Mail.ru

Amazon bought the Grishin Robotics venture fund (belongs to one of the founders of Mail.ru Group Dmitry Grishin) of the manufacturer of smart door calls Ring. As Wall Street Journal writes , the amount of the transaction could amount to a billion dollars. Officially is not called the figure.

It is assumed that Ring will continue to develop as an independent business in Amazon (by analogy with Twitch and Zappos).

Ring creates smart video calls and cameras that are controlled using applications on a smartphone. In addition, the company produces complex security systems for home, smoke sensors and other gadgets.

https://www.youtube.com/watch?v=l_kwubec_gw

Ring was founded in 2012. In March 2016, Grishin Robotics invested more than $ 60 million in the company. In total, the startup has attracted about $ 210 million in total. The main investors - Qualcomm, Goldman Sachs, Virgin Group and others.

According to the founder of Grishin Robotics, Dmitry Grishin, the deal with Amazon is one of the largest in the market in recent years. “M & A-Activity in the sector at which we decided to focus back in 2012, confirms the correctness of our bet. Despite such positive signals, the industry is still at an early stage of development, and future years promise to be no less interesting, ”Grishinsaid in a commentary on RBC.