Browsing: Nest Labs

On Friday, Nest Labs – which was acquired by Google in January for US$3,2bn – said it was buying Dropcam, a San Francisco-based company specialising in home-monitoring cameras for US$555m. Things are hotting up in the smart home market and consumers may soon be exposed to hundreds of new hardware devices and

Google recently grabbed headlines with its US$3,2bn acquisition of home automation company Nest Labs. The deal is the second biggest in Google’s history, after the $12,5bn it splashed out for Motorola Mobility in August 2011. But why did it buy it? Nest Labs designs and manufactures Wi-Fi-enabled