Amazon has acquired Ring to bolster its home security products

Amazon Echo and Echo Plus devices sit near

Founded five years ago by Jamie Siminoff, Ring, the maker of video-camera enabled doorbells, has been acquired by US -based e-commerce giant Amazon for $1 billion United States dollars.

Amazon has bought Ring, a smart home tech company that makes video doorbells and other security devices.

"Amazon's really watering the grass, so to speak, to grow into our homes and become more integrated in our lives in ways we haven't even fathomed yet", said Matt Schreiber, president and chief investment strategist at WBI.

This is just the latest move by Amazon to get a foot in the door of the connected home space.

Ring started back in 2013 when Jamie Siminoff went on the ABC's "Shark Tank" to pitch his company Doorbot. "We're excited to work with this talented team and help them in their mission to keep homes safe and secure", an Amazon spokesperson said in a statement to ZDNet.

But, allowing delivery people to enter customer homes was understandably a controversial idea.

Amazon paid more than $1bn to acquire Ring, with the company's line-up likely to help bolster the retailer's existing offerings - including Amazon Key and Amazon Cloud Cam.

Air strikes kill five civilians in Yemen: Reuters witness
The civil war has been devastating on the civilians, as thousands have been killed and millions more are in dire need of aid. In January, Donald Trump vowed to re-impose USA sanctions on Iran unless the deal was amended to fix its major flaws.

Amazon is making your home safer by buying Ring.

Both Amazon and Ring have confirmed the deal in statements to news outlets.

Ring sells wi-fi-connected doorbells which can tell who is at the door via connected video cameras. Fast forward five years, and the show's iconic investors must be weeping at their lack of foresight: Amazon acquired Siminoff's company Ring for $1 billion. Ring has raised $209 million so far and was last valued at $760 million, according to MSNBC. In June, Ring announced they'd figured out how to connect select devices to work with Alexa on Echo Show and Fire TV.

The CEO of Ring was smart enough to wait for his time.

Amazon's Alexa Fund, which invests in companies working on voice technology, contributed to Ring previous year.

The purchase for Amazon follows a purchase of another home security company, Blink. Other acquired companies such as Twitch and Audible also run as separate entities on, notes The Verge.

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