Nest valued at $2b, gets closer to $150m finance round

ff_nest_9g-660x660Nest, the company that was put on the map through its awesome, always connected Nest Thermostat and later released its idea of the smoke detector – Nest Protect – looks like it could be getting closer to another financing round which could end in it receiving $150 million at a $2 billion valuation. That’s a lot of money, in case you didn’t think so already. Recode’s Kara Swisher spoke with sources that indicated that Nest could be in for as much as $250 million at a $3 billion valuation, but this is still all unconfirmed.

As of right now, much of this is just speculation. Nest has yet to announce this financing round or what it would do with the money to come from it. Of course, what many expect would be the logical next step for Nest is to remake some other home product that is in need of a technology makeover. For those that didn’t know, Nest’s CEO and founder is known to many as the “father of the iPod,” Tony Fadell. He also happens to be the person that bought the red Mac Pro and gold EarPods from the PRODUCT(RED) auction a month or so ago.

Nest is slowly creating “smart homes” possible for everyone, one home product at a time. The Protect smoke and carbon monoxide detector can “talk” to the Nest Thermostat, and vice versa. These devices learn your patterns and habits, and adapt to them. This really is awesome to me, because everything can be controlled from your smartphone or tablet. With the security of Touch ID on Apple’s iPhone 5s, that in turn almost makes these devices more secure if you are using them with that device. Technology is slowly taking over the home, and Nest seems to be at the forefront for average consumers.

What do you think? Are you a Nest fan? Or do you not like the idea of connected homes? Let us know in the comments, or tweet me @TiP_Kyle.


Via: CNET, Recode


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  • FredChartrand

    TiP_Kyle Regarding this article, Tony didn’t buy the RED Mac Pro and Gold EarPods :