Amazon has bought Immedia Semiconductor, the maker of Blink home security cameras, in a bid to acquire the company’s energy-efficient chip technology.
Immedia has developed a high-definition video chip that required far less power, has much better image quality and is significantly cheaper than other chips on the market.
Unveiled in January 2016, more than 250,000 Blink products were sold in its first 12 months, making it the fastest growing home-security system on the market.
Two-year battery life
Its cameras boast two years of battery life on just a single set of AA lithium batteries.
Amazon is said to have paid roughly $90m for the Boston-based startup, according to a source quoted by Reuters.
Analysts say the technology could be useful to Amazon in running devices such as its Echo speaker-cum-personal assistant, as well as potentially developing smart security cameras to monitor parcel deliveries.
A statement on the Blink website says: “We’re excited to announce that Blink has been acquired by Amazon! Since launching in early 2016, we’ve been thrilled by your response to our ultra-affordable, truly wire-free video home security cameras and monitoring systems.
“If you own one of our systems, nothing changes for now. We’ll continue to operate under the Amazon umbrella selling and supporting the same great products you know and love. It’s Day 1 for us at Amazon, and we’re looking forward to seeing what we can deliver to our customers together.”