Nest is a home automation company that specializes in security, safety, and energy management. Nest Labs was founded in 2010, and the first product, Nest Learning Thermostat, was launched in 2011.
Some of the famous Nest Products include Nest Smart Thermostat, Nest Cam, and Nest Protect. If you are wondering who owns Nest, then this article is for you. First, we will look at the company’s timeline and where it stands as of now.
Who is Nest Labs Founder?
Nest Labs was founded by Tony Fadell, who is also the company’s CEO. Before founding Nest in 2010, Mr. Fadell spent nearly 20 years at Apple Inc., where he was the lead designer and the driving force behind many of Apple’s most iconic products.
Tony Fadell is a former Vice President who left Apple in 2010 to co-find Nest Labs with Matt Rogers, a former Apple employee.
Nest founder Tony Fadell has a long history of working in the tech industry, starting with his first job at Philips Electronics, where he worked on the CD-i platform and later as an engineer on the iPod.
What Does Nest Do?
Nest is a home automation company that specializes in security, safety, and energy management. The company’s first product is the Nest Learning Thermostat. It was introduced in 2011.
The product is programmable, self-learning, and sensor driven. It also has Wi-Fi capabilities. The Nest Protect was followed by the smoke and carbon monoxide detectors in October 2013.
Dropcam was bought by Nest in 2014. In June 2015, they started selling their camera under the name “Nest Cam.” Nest technologies enable you to control your thermostat and HVAC system more conveniently, thereby making for a more comfortable home.
Nest has been working to make the smart home environment easier and more helpful. A smart home product that is easy to set up, simple to manage, and where products work together.
Who Owns Nest
The company is owned by Alphabet Inc. who acquired in January 2014 for $3.2 billion, which had been the second-largest acquisition of the year after Dell Inc. bought EMC for $67 billion in October 2015.
The acquisition was completed by Google, which had been interested in the company’s product development capabilities for a long time. Since the reorganization of Google at the end of 2015, Nest Labs has been a wholly owned subsidiary of Alphabet, Inc.
Nest operated separately from Google from 2015 to 2018. In 2018, Nest was merged into Google’s home devices unit, led by Rishi Chandra. On July 18, 2018, it was announced that all Google Home electronics products would be marketed under the newly created Google Nest brand.
In 2020, Google announced it would invest $450 million in ADT for a 6.6% stake. In addition, Nest and ADT have announced plans to create a ‘smart home’ offering in collaboration. The announcement led to the stock prices of ADT doubling and reaching an all-time high of $17.21.
Nest Product Lineup
Nest has a straightforward product lineup. All the Nest products are centered around learning and convenience. Below are the different Nest products and their features:
Nest Audio
Nest Audio is a line of multi-room wireless speakers. They are compatible with Chromecast and other Bluetooth devices, making it easy to stream music from your phone, tablet, or laptop.
This convenience, paired with the high quality of music, makes these speakers one of Nest’s most popular products.
Nest Learning Thermostat
Nest Learning Thermostat is Nest’s flagship product. It learns about your heating and cooling preferences to create a personalized schedule for you, which helps you save money on your energy bills and be more comfortable in your home.
It saves energy with the built-in auto-schedule and “Home” mode, which turns off heating or cooling when you’re not home to save money.
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Nest Protect Smoke Detector
The Nest Protect is the first home smoke and carbon monoxide detector with a voice notification. It also has a strobe light that alerts people who are hearing impaired. If there is an issue, such as CO or soot, it will warn you, tell you what to do, and can even dial 911 without having to leave the house.
Nest Protect listens for the sound of your home’s existing smoke alarms and will let you know if there is an actual emergency or just a burning toast.
Nest Cam
Nest Cam helps you stay in control of your home when you’re not there. It’s easy to set up and stream live video from anywhere.
Nest Cam IQ features cutting-edge artificial intelligence (AI) and delivers crisp 720 P resolution video streaming so you can see who’s at your door, even in low light.
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Nest Hello
Nest Hello is a smart doorbell that uses facial recognition technology. Nest Hello has a built-in camera that works with Nest Aware to show who’s at the front door, send a picture of who rang your bell, and keep an eye on who’s around your home.
It records who comes to your doorstep and greets them via customizable motion detection alerts, so you never miss a visitor.
Nest Secure
Nest Secure is a home security system that protects your house from intruders, fires, and floods. It’s customizable to fit any budget with different tiers of monitoring.
The Nest Aware subscription service is included with the base package, which means you’ll always have video footage and smart alerts that warn you of the threat.
Nest x Yale Lock
Nest and Yale Lock is a great way to add more security and convenience to your home. It’s easy for family members who share spaces, who are borrowing your home, or who have a pet. Nest x Yale Lock is also compatible with other smart devices from brands like Google and Samsung, so you can monitor who’s coming and going.
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Nest Aware
Nest Aware is a subscription service that goes along with Nest Secure. It lets you watch who comes and goes, who rings your doorbell, who’s in your house, and who turns off Nest Protect smoke alarms.
Nest Aware also alerts you about who comes into your home when you’re not there and who’s been near your Nest Cams.
Google Nest Mini
Google Nest Mini is a voice-activated speaker that helps you control your entire home. It connects with Google Assistant to provide information, entertainment, and control of your lights, shades, thermostat, and more.
The Nest app also syncs with other Google apps like Gmail to bring you information throughout the day.
Google Nest Hub
Google Nest Hub is a voice-activated tablet that helps you control your home. It’s small but versatile and powerful, with Google Assistant built in.
It’s the perfect tool for bringing you information, entertainment, and control of your Nest products. You can also make video calls, watch YouTube, and control who can access your Nest Secure account.
Where Can I Find Nest Products?
Nest products are often found at retail stores, including Bed Bath and Beyond. You can also find their products on the company’s website or their Amazon store. We have also included links to various Nest products so you can have a look.
Conclusion
Google’s acquisition of Nest in 2014 for $3.2 billion was one of the biggest acquisitions they’ve made to date, and it shows how much potential there is in Nest products.
With a continued focus on energy efficiency, we’re sure that this company will continue to make strides into our homes and other markets like healthcare or retailing, where artificial intelligence can help reduce costs by predicting user behavior ahead of time.
