Wednesday, May 25, 2016

eero Raises $50 Million for Home WiFi System

eero, a start-up based in San Francisco, raised $50 million for its home WiFi system.

ero uses multiple 802.11ac access points placed throughout the home to provide strong coverage in every room.  The company will use the funding to build its customer support team and prepare for a widespread retail presence in Best Buy.


The funding was led by Menlo Ventures with significant participation by Index Ventures. They join eero’s existing investors, First Round Capital, Shasta Ventures, Redpoint Ventures, Playground Global, and others, which also participated in the round, bringing the company's total funding to over $90 million.

“Since we started shipping eero systems to customers earlier this year, we have been building on our momentum, scaling our infrastructure, and improving our software so we can support our growing customer base,” said Nick Weaver, eero founder and chief executive officer. “With this round of funding from leading investors, eero is well-positioned to provide a strong foundation for the connected home on an even larger scale.”

http://www.eero.com

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