Amazon also sees opportunity in the security camera market as smart-home technology expands. The Blink security camera, which hit the market in 2016, did not require a power cable like many rival products, making it easier to place around users' properties. "Battery life is a big issue in connected devices," said Scott Jacobson, a former Amazon devices manager and now managing director of Madrona Venture Group. Sources said the bid was competitive, and that compensation and incentives offered by Amazon pushed the deal's value to about $90 million. Digital video chips "are one of the more expensive components" in a camera.

Source: dna February 12, 2018 06:00 UTC