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Why Amazon Is Investing in Google’s Nest Rival Ecobee

Why Amazon Is Investing in Google’s Nest Rival Ecobee

Amazon made the investment through its Amazon Alexa Fund. The investment in Ecobee was revealed roughly one week after Amazon paid an estimated $1.0 billion to acquire Ring, a video doorbell maker and a player in the smart home automation market. Ecobee is a Canada-based startup that develops smart thermostats.