Google Buys Nest, Maker of ‘Smart Home’ Devices, for $3.2 Billion

Househappy —  January 16, 2014 — Leave a comment

Last week, Samsung introduced their new Smart Home app to the world, now Google is getting in on the ‘connected home’ action. On Monday, the company announced that they will be purchasing Nest, maker of smart thermostat and smoke detectors, for the bargain price of $3.2 billion dollars.

Nest was launched in 2011 with the mission to “reinvent unloved but important devices in the home,” and has since raised around $80 million from investors including Shasta Ventures, Kleiner Perkins, and Google Ventures.

“Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family,” said Google CEO Larry Page. “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!”

After the transaction is complete (it is expected to close in the next few months), Nest will continue to operate under the direction of CEO Tony Fadell, previously known for leading the development of Apple’s iPod.

“We’re thrilled to join Google,” he said. “With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world.”

This latest purchase is further evidence that companies are looking at the ‘connected home’ as one of the next big things in technology.

Source: Google, Venture Beat

Househappy

Posts

From start to finish, Househappy redefines the modern homeownership experience by providing solutions for home search and maintenance. Sometimes life can distract us from proper home upkeep. That’s why we created Househappytrax, a technology tool designed to simplify home management by storing your home’s DNA. We send a trained professional to gather 250+ points of data specific to your house. The app features document storage, seasonal to-do lists and reminders, a maintenance and improvements calendar, discounts on home products and services, and you can even find trusted home services providers in your area -- all in one convenient location, accessible on any device.

No Comments

Be the first to start the conversation!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s