0
Broadband

Nest to buy Dropcam for USD 555 million

Monday 23 June 2014 | 08:51 CET | News
Google-owned Nest, a vendor of smart home products and services such as thermostats, smoke and CO alarms, has entered into an agreement to buy home camera and motion sensor tag company Dropcam for USD 555 million in cash, subject to adjustments. Dropcam was founded by CEO Greg Duffy and Coo Aamir Virani in 2009. Its backers include Accel Partners, Kleiner Perkins Caufield & Byers and Menlo Ventures.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Dropcam / Google / Nest
Countries: United States / World
::: add a comment
This article is part of dossier

IoT


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Nest sales fall short of expectations - report

Published 31 Mar 2016 09:52 CET | World
Smart home products developer Nest generated USD 340 million in revenues last year, three people with knowledge of the matter ...

Google's Dropcam upgrades users' older models to Dropcam HD

Published 29 Jan 2015 23:58 CET | World
Google subsidiary Dropcam announced that it will supply free Dropcam HDs, currently selling for USD 120, to anyone with older ...

Nest wins smart themostats contract with Electric Ireland

Published 06 Nov 2014 09:14 CET | Ireland
Google's connected-home devices company, Nest, has signed an agreement to offer free Nest thermostats to customers of power ...

Frontier to bundle security bundle with Nest thermostat

Published 05 Aug 2014 16:29 CET | United States
Frontier Secure, a service of US operator Frontier Communications, will launch the Personal Security Ultimate Bundle combined ...

Google launches European arm of venture capital fund

Published 10 Jul 2014 08:49 CET | Europe
Google has announced the launch of a European arm of its venture capital fund, Google Ventures, with an initial funding of USD ...

Nest Labs starts developers programme

Published 24 Jun 2014 10:05 CET | United States
Nest Labs has started its first Developer Program to build applications for its smart home devices. Over 5,000 developers have ...

Google to enter energy market with utility tools - report

Published 12 Jun 2014 17:36 CET | World
According to Bloomberg, Google is planning to further delve into the USD 363.7 billion US power-sales market by working to ...

Nest Labs discovers flaw, pulls out Protect smoke alarm

Published 04 Apr 2014 09:25 CET | World
Smart home device maker Nest Labs has stopped selling its Protect smoke alarm following the discovery of a safety flaw, the ...

Frontier announces partnership with Dropcam

Published 31 Mar 2014 21:32 CET | United States
Frontier Communications has announced a partnership with its Frontier Secure business unit and Dropcam, makers of the Wi-Fi video ...

Google enters connected home market with Nest Labs takeover

Published 15 Jan 2014 14:05 CET | United States
Google has acquired the company Nest Labs for USD 3.2 billion. Nest Labs makes two connected devices, a thermostaat (USD 250) and ...

Google to acquire Nest Labs for USD 3.2 bln

Published 14 Jan 2014 07:58 CET | United States
Google has agreed to acquire smart home device maker Nest Labs for USD 3.2 billion in cash. Nest develops home devices such as ...





Calendar   /   Industry Events

10 Aug Synchronoss Q2
10 Aug ON Semiconductor Q2 2020
10 Aug Pixelworks Q2 2020
10 Aug Sohu Q2 2020
10 Aug Avaya fiscal Q3
10 Aug Ceva Q2
10 Aug Gogo Q2 2020
11 Aug Viavi fiscal Q4
11 Aug NTT fiscal Q1
11 Aug Zoom Telephonics Q2 2020
11 Aug Rakuten Group Q2
11 Aug Lumentum fiscal Q4
11 Aug Radcom Q2 2020
12 Aug Tecnotree H1 2020
12 Aug Freenet Q2 2020
12 Aug Tencent Q2 2020
12 Aug Cisco fiscal Q4
12 Aug China Unicom Q2 2020
13 Aug iQiyi Q2 2020
13 Aug 1&1 Drillisch Q2 2020
13 Aug United Internet H1 2020
13 Aug Teleste Q2 2020
13 Aug RTL Group Q2 2020
13 Aug China Mobile H1 2020
13 Aug Singtel fiscal Q1
13 Aug Teleste Q2 2020
13 Aug Deutsche Telekom Q2 2020
13 Aug Swisscom Q2 2020
13 Aug Telstra FY results
14 Aug TDC Q2 results
::: More Calendar Items