Google’s Nest Labs Enters Fast Growing Home Security Market

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2Q 2014 | IN-1019509

Nest Labs Announces Acquisition of Dropcam

NEWS


Nest Labs is acquiring Dropcam for $550 million, its first acquisition since it was acquired in January by Google for US$3.2 billion. The combination of DIY home security and DIY energy management is an engaging development especially as it has the heft of having Google behind it. However, there are issues around interoperability that will have to be addressed as Google prepares to bring its own platform services to smart home automation.

Growing Portfolio of Smart Home Monitoring Devices

IMPACT


Dropcam claims its installed base of cameras per day captures over 2.5 years of video and analysis and over 8 million activities. Started in 2009, ...

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