Amazon’s acquisition of iRobot means Alexa could control a household army of Roombas.
Amazon.com Inc. would buy iRobot Corp., maker of the Roomba vacuum, for $1.7 billion as the e-commerce giant continues its push into internet-connected home devices and robotics. iRobot sells its products worldwide and is most famous for the circular-shaped Roomba vacuum, which would join voice assistant Alexa, the Astro robot, Ring security cameras, and others in the list of smart home features offered by the Seattle-based e-commerce and tech giant. It would give Amazon access to yet another wellspring of personal data: interior maps of Roomba owners’ homes.
Amazon.com Inc. would buy iRobot Corp:
Amazon’s acquisition of iRobot means Alexa could control a household army of Roombas. The move is part of Amazon’s bid to own part of the home space through services to accelerate its growth beyond retail. Amazon has worked to place its Alexa voice software and Echo smart speakers at the center of its push into connected devices. iRobot also runs some of its software on Amazon Web Services servers.
Amazon said it will acquire iRobot for $61 per share in an all-cash transaction that will include iRobot’s net debt. The deal comes as anti-monopoly advocates continue to raise concerns about Amazon’s increasing dominance. The profits from defense contracts allowed iRobot to experiment with a variety of other robots. iRobot saw sales increase over the pandemic, as families who were housebound sought shortcuts to keep their homes clean.
The company spun off its defense robotics division in 2016 to become almost exclusively a seller of vacuums and some other home robots, such as the Braava robotic mop. The $3.5 billion deal announced for One Medical Ltd. last month provides a wealth of healthcare data. Even without bringing iRobot into the fold, there are a few aspects of people’s lives that Amazon does not have access to. Soon, it may also know every inch of their homes.
More Trending Stories
- Now Bypassing Antivirus Will Come with a Price, Says Deep Instinct
- GPT-3 Makes A Cockroach Fall in Love with an AI Man in its Fantasy Movie Plot
- Why Do Developers Cherish Python, Despite its Biggest Downsides?
- Top 10 Metaverse Trends to Lookout for in 2023 and Beyond
- Top 10 Data Science Courses with Live Projects to Attend in 2022
- Paper Books will be Back! But with an Augmented Reality Twist
The post Amazon is Officially Snooping into Your House Through iRobot Purchase appeared first on Analytics Insight.