Nest Labs
 |
|
| Subsidiary | |
| Industry | Home automation |
| Founded | 2010 |
| Founder |
Tony Fadell Matt Rogers |
| Headquarters | Palo Alto, California, United States |
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Key people
|
Marwan Fawaz, CEO |
| Products | Learning Thermostat Smoke+CO Alarm Indoor Cam Outdoor Cam |
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Number of employees
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1100 (2015) |
| Parent | Independent (2010-2013) Google Inc (2013-2015) Alphabet Inc. (2015-present) |
| Website | www |
Nest Labs is a home automation producer of programmable, self-learning, sensor-driven, Wi-Fi-enabled thermostats, smoke detectors, and other security systems. It introduced the Nest Learning Thermostat in 2011 as its first product. The Nest Protect smoke and carbon monoxide detector was then introduced in October 2013. After the acquisition of Dropcam, the rebranded Nest Cam was introduced in June 2015. Finally, in July 2016, the Nest Cam Outdoor was released.
Co-founded by former Apple engineers Tony Fadell and Matt Rogers in 2010, the start-up company quickly grew to have more than 130 employees by the end of 2012.Alphabet Inc. (Google) acquired Nest Labs for US$3.2 billion in January 2014, when it had 280 employees, continuing the Nest brand identity. In November 2015, Nest Labs had grown into more than 1100 employees, with a new engineering center in Seattle.
As of November 2016, Nest now works with the Google Home.
Nest Labs was founded in 2010 by former Apple engineers Tony Fadell and Matt Rogers. The idea came when Fadell was building a vacation home and found all of the available thermostats on the market to be inadequate, motivated to bring something better on the market. Early investors in Nest Labs included Shasta Ventures and KPCB. On January 13, 2014, Google announced plans to acquire Nest Labs for $3.2 billion in cash. Google completed the acquisition the next day, on January 14, 2014.
In June 2014, it was announced that Nest would buy camera startup Dropcam for $555 million. With the purchase, Dropcam is tightly integrated with other Nest products; if the Protect alarm is triggered the Dropcam can automatically start recording, and the Thermostat can use Dropcam to sense for motion.
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Wikipedia