Nest

Palo Alto, United States Founded: 2010 • Age: 16 yrs Acquired By Google
Provider of hardware and software for monitoring home energy consumption
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About Nest

Nest is a company based in Palo Alto (United States) founded in 2010 was acquired by Google in January 2014.. Nest has raised $80 million across 3 funding rounds from investors including Google, Kleiner Perkins and Lightspeed Venture Partners. Nest has completed 3 acquisitions, including Dropcam, MyEnergy and Revolv. Nest offers products and services including Nest Cam, Nest Doorbell, Nest Thermostat, and Nest Speakers. Nest operates in a competitive market with competitors including Vivint, ADT, Alarm.com, ecobee and Atomberg, among others.

  • Headquarter Palo Alto, United States
  • Sectors
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Nest Labs, Inc.
Operational Areas
Technology → Internet of Things (IoT) & Connectivity
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $80 M (USD)

    in 3 rounds

  • Latest Funding Round
    $80 M (USD), Series C

    Jan 29, 2013

  • Investors
    Google

    & 7 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
    Dropcam

    & 2 more

  • Acquired by
    Google

    (Jan 13, 2014)

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Products & Services of Nest

Nest offers a comprehensive portfolio of products and services, including Nest Cam, Nest Doorbell, Nest Thermostat, and Nest Speakers. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Monitors home activities with motion detection and video recording.

Provides video notifications for visitors and package detection.

Adjusts home temperature automatically to save energy.

Enables voice control for music and home automation.

People of Nest
Headcount 10000+
Employee Profiles 1720
Board Members and Advisors 9
Employee Profiles
People
Sean Markert
AI Sales Specialist
People
Anjeza Resulaj
Account Executive
People
Geoff Schnell
Global Sales And GTM Leader - Customer Engagement Suite AI
People
Amita Mujumdar
Talent Business Partner

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Board Members and Advisors
people
K. Ram Shriram
Board Member
people
Larry Page
Board Member
people
Robin L. Washington
Board Member
people
Sergey Brin
Board Member

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Funding Insights of Nest

Nest has successfully raised a total of $80M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $80 million completed in January 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 3
  • Last Round Series C — $80.0M
  • First Round
  • Investors Count 7
Date Amount Transaction Name Valuation Lead Investors Investors
Jan, 2013 Amount Series C - Nest Valuation

investors

Aug, 2011 Amount Series B - Nest Valuation Lightspeed Venture Partners , Intertrust Platform
Sep, 2010 Amount Series A - Nest Valuation Kleiner Perkins , Shasta Ventures
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Nest

Nest has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Google, Kleiner Perkins and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital firm focused on tech sectors
Founded Year Domain Location
Corporate backed venture capital fund investing in multiple sectors
Founded Year Domain Location
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Nest

Nest has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Dropcam, MyEnergy and Revolv. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Wireless home electronics are connected and unified for smartphone control.
2012
WiFi-enabled indoor monitoring cameras are developed for home security.
2009
Provider of solutions to help consumers to switch electricity suppliers
2007
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Nest

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Nest Comparisons

Employees
+
Add Comparison
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Competitors of Nest

Nest operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vivint, ADT, Alarm.com, ecobee and Atomberg, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Cloud-based smart security cameras are manufactured for home use.
domain founded_year HQ Location
Cloud-based surveillance solutions for home and business security are provided.
domain founded_year HQ Location
Cloud-based video intercoms and physical security systems are provided.
domain founded_year HQ Location
Provider of smart thermostats for commercial and residential applications
domain founded_year HQ Location
Energy-efficient ceiling fans and smart home appliances are provided.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Nest

Frequently Asked Questions about Nest

When was Nest founded?

Nest was founded in 2010.

Where is Nest located?

Nest is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.

Is Nest a funded company?

Nest is a funded company, having raised a total of $80M across 3 funding rounds to date.

What does Nest do?

Nest was founded in 2010 in Palo Alto, United States, and operates in the smart home technology sector. Hardware and software solutions are offered for monitoring home energy consumption, alongside developer access for integration. The Nest Protect device is included as a smoke and carbon monoxide detector. Operations focus on residential applications, with services extending to energy efficiency and safety monitoring across the United States.

Who are the top competitors of Nest?

Nest's top competitors include Vivint, Atomberg and ecobee.

What products or services does Nest offer?

Nest offers Nest Cam, Nest Doorbell, Nest Thermostat, and Nest Speakers.

How many acquisitions has Nest made?

Nest has made 3 acquisitions, including Dropcam, MyEnergy, and Revolv.

Who are Nest's investors?

Nest has 8 investors. Key investors include Google, Kleiner Perkins, Lightspeed Venture Partners, Intertrust Platform, and Venrock.

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