Monday, January 13, 2014

Google buys Nest: the temperature rises in the Internet of Things - ITespresso.fr

Just after CES in Las Vegas, Google announced a mega-redemption in the world of the Internet of Things: Nest Labs . The transaction amount is staggering: $ 3.2 billion (equivalent to € 2.34 billion)

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Not bad for a California start-up with roots dating back to 2010. But it is true that Nest is one of the iconic start-up of the wave of connected objects. She designed a “smart thermostat” (sold 249 dollars) and a new generation detector (“Protect Nest” 129 dollars) smoke.

personality of one of the two co-founders has much: next to Matt Rogers, Tony Fadell found has served as CEO (and shall remain in office after acquisition of his company by Google). This former head Apple is one of the creators of the iPod.

Since its inception, Nest Labs has raised $ 80 million, including through corporate funds Google (Google Ventures), but also the famous venture capital firm Kleiner Perkins Caufield & Byers (who had invested in the start 300 start-up with Google in the late 90s).

early 2014, the new media site IT Re / code (launched by Kara Swisher and Walt Mossberg, who fed AllThingsDigital under the age WSJ) evoked a round of $ 150 million led by the investor Russian Yuri Milner (DST funds). But shareholders already in the capital (Google Ventures, Shasta Ventures, KPCB, Generation Investment Management, Lightspeed and Venrock) wanted to participate. It is unclear whether the round was made or not before the external growth of Google.

late October 2013, Nest Labs has a staff of 280 people. It is the third largest after the Google acquisition of Motorola for $ 12.5 billion (announced in August 2011, curly in May 2012) and DoubleClick (dating back to 2007 to $ 3.1 billion).

Quiz: What do you know watches connected

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