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Comcast makes ‘sizable’ investment in Tile

Tile will bring its tracking tech to more Comcast devices.
Mallory Locklear, @mallorylocklear
September 24, 2018
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Reuters

Comcast has made a significant investment in Tile, TechCrunch reports, and the two companies will work together on products and marketing going forward. Though numbers aren't being disclosed, someone with knowledge of the deal told TechCrunch the investment was "sizable." The deal follows a move earlier this year that made Tile's tracking technology accessible through Xfinity Home.

The company, which laid off a number of employees in January, also named former GoPro COO CJ Prober as its new chief executive, and he told TechCrunch that moving forward, Tile is looking to incorporate its technology into other Bluetooth-enabled devices. "We'd like to embed Tile technology into anything that already uses Bluetooth," he said. The company announced earlier this year that it was bringing its tracking tech to Bose headphones as well as products from Samsonite, Boosted and Propeller Health.

Following this investment, Tile will reportedly begin introducing its tech into more of Comcast's devices.

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