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Nest develops smart home products designed to bring intelligent automation and connectivity to residential spaces. The company’s core offerings include smart thermostats that learn user preferences and optimize energy consumption, alongside an expanding ecosystem of security cameras, video doorbells, smart displays, and smoke alarms. These devices integrate seamlessly to create a cohesive and responsive home environment, leveraging advanced sensors and machine learning to anticipate and react to household needs.
Nest Labs was founded in 2010 by former Apple engineers Tony Fadell and Matt Rogers. Their founding insight stemmed from the observation that critical home infrastructure, particularly thermostats, was outdated and unintuitive. They envisioned creating elegant, user-friendly, and intelligent devices that could significantly improve comfort, safety, and energy efficiency within the home, drawing on their experience in developing consumer electronics.
The company's products cater to homeowners seeking enhanced control, efficiency, and security for their living spaces. Nest’s long-term vision is to create a truly helpful home, where technology fades into the background, proactively managing comfort, safety, and convenience. This ongoing effort aims to evolve homes into intuitive environments that intelligently support daily life, adapting autonomously to their inhabitants' routines and preferences.
Nest Company has 1 tracked investment across 1 company. The latest tracked deal is $12.6M Series A in Motion2AI in August 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 17, 2021 | Motion2AI | $12.6M Series A | John Braze | Amantani Partners, Future Play, IMM, Intervest, Mirae Asset, Shinhan Capital, Smilegate Investment |