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May 03, 2015 10:35 AM 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: 45
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 2014.

Nest Labs, Inc. Key Developments

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.

Nest Labs, Inc. Launches Nest Developer Program

Nest Labs, Inc. launched the Nest Developer Program, which makes it possible for Nest and the more than 5,000 developers who've expressed interest in the program to work together to create meaningful interactions among Nest products and others -- both inside and outside of the home. More than just linking and remote controlling the devices in home, the Nest Developer Program allows everything from lighting to appliances to fitness bands and even cars to securely connect with Nest products, bringing the conscious home to life by making those homes safer, more energy efficient, and more aware. Featured Works with Nest integrations that are available now include: IFTTT -- Create own connections with one simple statement: "If This Then That." For example, "If my Nest Protect detects smoke, then send a text message to my neighbors". Jawbone -- Nest knows which temperature like and the Jawbone UP24 band can tell when wake up. Working together, Nest will start to heat up or cool down the home before even step out of bed. LIFX -- If Nest Protect detects elevated smoke or carbon monoxide (CO) levels, LIFX light bulbs can flash red to let know there might be danger and help signal those who are hearing impaired. And when 're on vacation and Nest Thermostat is in Away mode, LIFX can make it look as if someone's home by randomly turning on and off lights throughout the house. Logitech -- With the press of a button, the Logitech Harmony Ultimate universal remote can dim lights, turn on TV and start a movie. Now, it can also set the temperature on Nest Thermostat, all from the comfort of couch.

Google’s Nest Reportedly Acquires Dropcam

Dropcam, Inc. will be bought by Google Inc.'s (NasdaqGS:GOOGL) Nest Labs, Inc. for about $555 million in cash, a technology news website reported on June 20, 2014. The deal was signed on June 20, 2014 and is yet to close, according to the report by Recode.net. Nest confirmed the acquisition in a blog post on Friday, but did not specify the price tag. Neither Google nor Dropcam were immediately available for comment. Dropcam plans to move from San Francisco to Nest's offices in Palo Alto, California, Recode wrote.

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