Nest, is a company which manufactures thermostats and camera products and services is now officially integrated with Google’s Hardware division. The company was formed in 2010, and was acquired by Google in 2014 for $3.2 billion. Hardware SVP Rick Osterloh and Nest CEO Marwan Fawaz announced the news today, with the two “excited to bring the Nest and Google Hardware teams together.”
The 2014 acquisition will become “an integral part of Google’s big bet on hardware.” After doubling its hardware portfolio, Nest saw more sales in 2017 than in the previous two years combined. Meanwhile, Google sold tens of million of home products last year. Nest first created smart thermostats that used machine learning to help better regulate temperatures inside houses in order to save energy.
He further added, The goal is to supercharge Nest’s mission: to create a more thoughtful home, one that takes care of the people inside it and the world around it. By working together, we’ll continue to combine hardware, software and services to create a home that’s safer, friendlier to the environment, smarter and even helps you save money—built with Google’s artificial intelligence and the Assistant at the core.
Fadell resigned as head of Nest in 2016, but the company kept going under Google’s new Alphabet corporate structure. Its next product, Nest Hello, is a smart video doorbell that is scheduled for release in March. It certainly makes sense for Nest to merge with Google’s hardware group, especially since the two are already working together.
For More Latest Updates: Follow PressKS