AirTag competitor Tile acquired by family safety company Life360What you need to know
Tile has been acquired by Life360.
Life360 is a family safety company that uses location data to track family members.
Tile has been competing with Apple's AirTag since its launch earlier this year.
It's unclear what the acquisition will mean for Tile's future roadmap.
Tile, the company that has been competing with Apple's AirTag since its launche earlier this year, has been acquired by Life360.
In a press release, Life360 announced the acquisition, saying that it is valued at $205 million and that Tile will remain its own brand and its leadership and team will stay in place.
Chris Hulls, Co-Founder and Chief Executive Office of Life360, a family safety company, said that the acquistion will help forward the company's mission of becoming "the world's leading platform for safety and location services."
"Life360 is on a mission to simplify safety so families can live fully. With the acquisition of Tile, we will now be able to provide a unique and all-en...
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AirTag competitor Tile acquired by family safety company Life360
