Dropcam, the popular home monitoring camera startup, will be acquired by Nest, maker of smart thermostats and smoke detectors. The deal is worth $555 million in cash.
“The teams are very well-aligned and we love the product,” Rogers said. “We both think about the entire user experience from the unboxing on. We both care deeply about helping people stay connected with their homes when they’re not there.” Dropcam, similar to Nest, offers a limited line of tightly integrated hardware and software. The camera company has only three products: the $149 Dropcam, $199 Dropcam Pro, and $29 Dropcam Tab. All three devices are aimed at helping customers monitor home activity through motion sensors and video recordings.Read more
The division of Google which is engaged in "clever" Nest thermostats wants to buy the Dropcam Company which makes continuous tracking cameras for house.
Google’s Nest division is plotting a move into the home-security market for smart house. The division of Nest making intelligent thermostats, is going to accelerate increase in presence at "the Internet of things" having bought Dropcam company. The status of any talks between Google and Dropcam isn’t clear, spokespeople for both companies did not respond to requests for comment. Dropcam makes a $150 camera that streams footage to phones and computers. Cameras are connected to home Wi-Fi network that assumes remote management.Read more