Fresh off of Google acquiring Nest, they’re still on a buying spree. Nest was just bought by Google back in January. Last night, Google + Nest bought the home monitoring camera company Dropcam for $555 million.
Google will not have access to Dropcam data.
This was Nest’s idea for a better way to expand into the home using Dropcam as filing in another piece of that puzzle. Nest will apply the same ad-free business model to the home camera company as well. When all is said and done, Nest will be taking over Dropcam’s customer service as well as tighter integration between Dropcam + Nest products.
Google is taking its approach into entering your home very serious w/ Nest and now Dropcam as part of the roster. I wonder what other home-related news will come out of I/O this year.
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