Stanford-backed wifi system developer Eero has been picked up by Amazon after launching a product designed to provide high performance for devices including smart home products.

Eero, a US-based household wifi system developer that counts Stanford University among its investors, was bought by e-commerce firm Amazon for an undisclosed sum on Monday. The transaction will close once customary closing conditions are fulfilled. Founded in 2014, Eero sells a household wifi networking system that synchronises transmissions from multiple access points to provide…

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