Tuesday, 14 January 2014

Google bought Nest Labs for $3.2 billion

"Google is buying Nest Labs for $3.2 billion.
Nest Labs makes Internet-connected thermostats and smoke detectors.
It was founded by Tony Fadell, the guy most responsible for the iPod after Steve Jobs.
It's incredible to think that he's going to be working for Google considering Apple and Google are bitter enemies.
Fadell founded Nest two years ago. There were reports that he was looking at raising a fresh round of funding. Looks like he decided to sell instead. Nest had raised $230 million in funding to date. Google Ventures was one of its biggest backers."

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