Google Acquires Nest Labs for $3.2 Billion

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.

MORE TO COME

 

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