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July 30, 2015 7:16 PM ET

Household Durables

Company Overview of Nest Labs, Inc.

Company Overview

Nest Labs, Inc. designs and develops thermostats, a solution to schedule, programs itself, and can be controlled from phone. It also offers smoke and CO2 alarms. The company’s products are available online; through distributors; and other custom electronics and security trade retailers across the country. Its products are sold in the United States, the United Kingdom, and Canada; and installed in internationally. The company was founded in 2010 and is based in Palo Alto, California. As of February 7, 2014, Nest Labs, Inc. operates as a subsidiary of Google Inc.

900 Hansen Way

Palo Alto, CA 94304

United States

Founded in 2010

Phone:

650-331-1127

Key Executives for Nest Labs, Inc.

Co-Founder, Chief Executive Officer and Director
Age: 46
Co-Founder, Vice President of Engineering and Director
Chief Financial Officer
Vice President and General Counsel
Vice President of Technology
Compensation as of Fiscal Year 2015.

Nest Labs, Inc. Key Developments

Nest Labs, Inc. Refreshes Entire Product Line

Nest Labs, Inc. announced sweeping refreshes and redesigns across the company’s entire product portfolio with the introduction of Nest Cam, the second generation Nest Protect, new features for the Nest Learning Thermostat, and a brand new app. Nest Cam - With full high-definition (1080p) video quality, a versatile stand, and improved motion alerts and night vision, the new Nest Cam allows people to keep an eye on what they care about from anywhere. And beginning next month, Nest Cam will be available in Europe. Nest Protect - The second generation Nest Protect smoke and carbon monoxide (CO) alarm is the first residential alarm to offer a custom, Split-Spectrum Sensor that uses two wavelengths of light to look for different types of fires. Also, Nest Protect alarms can now be silenced from phone. Nest Learning Thermostat - The best-selling Nest Learning Thermostat is getting even better, now notifying customers when temperatures drop to help avoid frozen pipes and adding new integrations with other Nest products. Nest app 5.0 - The redesigned Nest app 5.0 brings together all three Nest products, across multiple platforms, for the first time, making it easier to access and control Nest products. Nest Cam: With live video streaming to a phone or computer, Nest Cam gives people peace of mind and the ability to stay connected to the things they care about. The all-new Nest Cam builds on the Dropcam features customers love, adding better video quality and a new design to make it even easier to keep an eye on home. Nest Cam will be available for the first time in Europe, specifically in Belgium, France, Ireland, Netherlands, and the U.K. New features: New design - The new stand’s magnetic base can stick to metal, be mounted to the wall or screwed onto a universal tripod. It can twist around, bend at an angle, or be mounted upside down. The stand incorporates a rare-earth magnet and ¼ inch, 20-screw mount, so can securely place it in even more locations. Its body design provides three degrees of freedom so customers can capture the view they want; Video quality -Nest Cam delivers crisp 1080p HD over Wi-Fi so customers can see the finest details across the room; Secure streaming - Stream and store video content with a unique 2048-bit RSA key and securely transmit using a 128-bit SSL connection; Improved Night Vision - Eight high-powered infrared LEDs and new algorithms improve Night Vision and motion detection. Other home cameras give a spotlight view at night, but Nest Cam lets see the entire room. And because Nest Cam’s sensors know the difference between a flashlight and sunlight, Night Vision won’t get confused and switch to day mode every time a bright light passes in front of the camera. That can be hugely helpful if an intruder turns on a flashlight, or if headlights flash across window; Nest Aware with Video History - Customers can subscribe for an additional monthly fee to gain access to: Video History - Scroll through 10 or 30 days of content depending on subscription choice so the user have extra time to see what happened and save the stuff want to remember; Alert Summary - If something happens, don’t have to dig through hours of video to find it. Nest Aware with Video History highlights the moments when there is motion or sound and shows what happened; Clips & Timelapses - Make, save and share up to three hours of clips; Activity Zones - Create custom Activity Zones around areas of interest - such as a door - so can be alerted of any activity in a specific area; · Advanced motion sensing - Nest Cam uses the power of the cloud to provide more accurate alerts and detect areas where common false alarms occur, like ceilings. Nest Cam + YouTube: Together with YouTube, Nest is piloting the ability for YouTube creators to stream directly to YouTube Live from Nest Cam, giving viewers a behind-the-scenes look at their favorite personalities. Initial participants include: Unbox Therapy - Lewis Hilsenteger has built a subscriber base of more than two million by sharing the unboxing process of a wide range of consumer electronics products. Lew will use Nest Cam to set up a live stream of his production studio; Devin Supertramp - Devin Graham is an American videographer who produces adventure and extreme sports videos. His channel has more than three million subscribers. Devin will use Nest Cam to give his viewers a live look at the preparation that goes into his amazing stunts; iJustine - Justine Ezarik is a techie, gamer, vlogger and a top personality on YouTube with more than three million subscribers across her channels. Justine plans to use Nest Cam as a way to live stream some of her special events.

Google's Nest Labs Releases New Versions of its Surveillance Video Camera and Talking Smoke Detector

Google's Nest Labs announced that it is releasing new versions of its surveillance video camera and talking smoke detector as part of its attempt to turn homes into yet another thing that can be controlled and tracked over the Internet. Dropcam is changing its name to the Nest Cam as part of an upgrade that will feature higher-definition video and a sleeker design. It will cost $199. Nest's next-generation smoke alarm will have more sophisticated sensors and a 10-year lifespan, up from seven years. It will sell for $99.

Nest Labs to Launch Smart Thermostat in Europe

Nest Labs has announced further expansion in Europe. The company will launch the Nest Learning Thermostat and Nest Protect: Smoke + Carbon Monoxide alarm in the Netherlands, France, Ireland and Belgium later this month. Essent will be the main provider of the thermostat in the Netherlands, Lampiris is the launch partner in Belgium, and Direct Energie is working with the company in France. Outside the company's home market of the US, the device is already available in Canada and the UK. The company said the device will be available in around 400 shops by the end of September in Europe and another 150 outlets by year-end. The company has adapted the product for each market and will provide local-language customer support.

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