July 25, 2016 9:07 AM ET

Household Durables

Company Overview of Nest Labs, Inc.

Company Overview

Nest Labs, Inc. provides hardware, software, and services for homes. It offers thermostats; smoke and carbon monoxide alarms; and Nest Cam, a cloud-based video monitoring camera and cloud service that lets people stay aware of what’s happening at home. The company also provides Nest Weave communication protocol, which lets devices talk directly to each other and to Nest products; Nest Cam API for connecting the products to Nest Cam; and Works with Nest Store, an online catalog of its products. In addition, it offers energy services for addressing home energy consumption; and Nest Safety Rewards, which helps to save money through participating home insurance providers. The company offers its ...

3400 Hillview Avenue

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: 47
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 2016.

Nest Labs, Inc. Key Developments

Nest Labs and Honeywell Resolve Patent Dispute

Google Inc. and Honeywell announced that they have reached a long-term patent cross-license agreement reflecting the respective strength of the companies' patent portfolios. Google and Honeywell believe that this patent accord promotes product innovation and consumer choice in the market for smart home products. The agreement fully resolves pending patent litigation between Honeywell and Nest Labs. Terms of the agreement are otherwise confidential.

e.Digital Corporation Files Patent Infringement Lawsuit Against Nest Labs

e.Digital Corporation announced that it has filed a patent infringement lawsuit against Nest Labs, Inc., asserting infringement of two patents that are part of the company's Nunchi® patent portfolio. e.Digital believes the products named in the complaint infringe key aspects of its Nunchi patents, covering the use of devices to monitor remote locations and communicate information. Handal & Associates, on behalf of the company, filed the lawsuit in the United States District Court for the Northern District of California asserting the company's U.S. Patent No. 9,002,331 & U.S. Patent No. 9,178,983.

Nest Labs, Inc. Announces Third Generation Nest Learning Thermostat

Nest Labs, Inc. announced the third generation Nest Learning Thermostat, which has a slimmer profile, a high-resolution screen that’s 40% larger, and an updated user interface to make it easier to read temperatures, alerts and messages. New software features for the third generation Nest Thermostat include Farsight, which automatically displays the target temperature or time when it senses movement in the room, and Furnace Heads-Up, which uses diagnostics to give advance notice about possible problems with a customer’s heating system. New features for the third generation Nest Learning Thermostat: Sleek new design " The Nest Thermostat has a 40% larger, brighter, high-resolution screen and new graphics so one can see it easier from far away. The crisp display has 229 pixels per inch (PPI), 25% more than the 2nd generation Nest Thermostat. The 3rd generation Nest Thermostat also has a slightly thinner profile to be more flush against the wall. Farsight " Previously, one had to be pretty close - about 3 feet (1 meter) away - to get the Nest Thermostat to wake up and turn on the display. Farsight takes advantage of the new high-resolution screen so that one can see useful information on the Nest Thermostat from across the room. One can set the thermostat to display target temperature, an analog clock or digital clock, or turn Farsight off. Furnace Heads-Up " Most heating and forced air furnaces have an automatic shutoff to avoid overheating. The Nest Thermostat will look for shutoff patterns that indicate there’s a persistent problem and if so, one will get a Heads-Up message in the Nest app and on the thermostat screen twice per year, and one’ll also get a notice in ones monthly Home Report. And, like the 1st and 2nd generation, the 3rd generation Nest Thermostat will also include the following integrations with Nest Protect and Nest Cam. When Nest Protect sounds a Heads-Up or Emergency Alarm for smoke or carbon monoxide (CO), in addition to a Nest app notification you'll see a message on the Nest Thermostat display to help one know what's going on. The Nest Thermostat can automatically shut off fossil fuel- based heating systems, which is the cause of CO leaks in the home, in case that is the source.

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