Tile acquired by family location sharing service Life360 for $205M.
The Tile brand will continue to operate under Tile's CEO, CJ Prober. The acquisition will help Life360 expand beyond family tracking to letting people track people, pets, and things they love. Life360's 33M smartphone users will increase the reach of Tile's Finding Network (similar to Apple's Find My network) by around 10x. Life360 will get access to consumers in 27,000 retail stores where Tile trackers are sold and they will also acquire Tile's subscribers, boosting their total paid subscribers by 45% to 1.6M users. Link
