Google Acquires Nest Labs for $3.2 Billion

By Dream Local Digital Blog January 13, 2014

A Big Step Towards Mainstream Home Automation

Google announced today that it has acquired Nest Labs for $3.2 Billion.

Nest, founded by iPod creator Tony Faddell, makes a smart thermostat and smart smoke detector. They were recently featured on the Ellen Show and The Verge did an interview with Mr. Faddell’s desire to ‘reinvent the thermostat.’ As seen here, Google has been interested in home energy usage since 2009.

Slate has a good take here.

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Dream Local Digital / About Author

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