Alexa Fund Makes its Biggest Investment; Amazon to Lead Smart Homes
Amazon.com, Inc.’s (NASDAQ:AMZN) Alexa Fund has poured its largest investment to date into the smart Wi-Fi connected thermostat, Ecobee, investing $35 million into the latter from its $100 million fund. The retail giant initially began the fund with the aim of encouraging developers to experiment with new services, making most of its hefty investments into …
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