Nest Labs, the company known for reinventing the thermostat and recently the smoke detector, has been acquired by Google for $3.2 Billion. The deal is expected to close in a few months after the usual regulatory review.
Nest will continue to work independently from Google, even though both Co-Founders Tony Fadell and Matt Rogers now working for Google.
So there you have it, a company that build a smart thermostat and last year a smart smoke detector is now sold for $3.2 Billion. For some tech insiders this is not a surprise, since Google Ventures already invested tens of millions of dollars in Nest Labs over the last years.