Google Acquires Nest Labs for $3.2 billion

Google announced today that it will acquire Nest Labs, Inc. for $3.2 billion in cash.

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Courtesy: Nest

Nest Labs, founded in 2011 by Tony Fadell and Matt Rogers, currently sells two products: the Nest Thermostat and the Nest Protect.

The Nest Thermostat is an Internet-connected thermostat that can be controlled from anywhere with a mobile app or the Nest website. It learns your habits and saves energy by adjusting heat and air conditioning based on your presence. Nest claims that its thermostat can save you up to 20% on your heating and cooling bills.

The recently-launched Nest Protect is a smoke/carbon monoxide detector that aims to take the annoyance out of protecting your home. Instead of chirping, the Protect talks to you, telling you where there is danger and allowing you to silence alarms with the wave of a hand.

Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family. They’re already delivering amazing products you can buy right now–thermostats that save energy and smoke/CO alarms that can help keep your family safe. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!

-Google CEO, Larry Page

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3 thoughts on “Google Acquires Nest Labs for $3.2 billion

  1. Smart move by Google, imho. Several startups like Nest, Revolv, ThinkEco are reshaping the home automation industry and will lead to the connected home and the first experiences in the “Internet of things” very soon. I tried to provide an overview here http://wp.me/p2CSSk-2t
    After the Nest acquisition by Google, who’s leading the innovation in your opinion? Which startups are going to have a disruptive influence in the market?

    • I think it will be interesting to see what Google does with this new technology (and data); it might jumpstart the home automation industry a bit.

      I think something like Revolv will be necessary at some point because people are not going to want to have to deal with a number of apps and companies to get their homes working the way they want them to. Services like IFTTT might also provide an alternative.

      • Thanks for your feedback. An easy integration with the different protocols, and devices made by different manufacturers will also be a major challenge. It’ll be interesting to see what standards and market nieches are going to lead the whole home automation industry, and what alternatives and outsiders will pop up.

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