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Nest - About the company

Nest is an acquired company based in Palo Alto (United States), founded in 2010 by Tony Fadell and Matthew Rogers. It operates as a Provider of hardware and software for monitoring home energy consumption. Nest has raised $80M in funding from investors like Kleiner Perkins, Shasta Ventures and Lightspeed Venture Partners. The company has 905 active competitors, including 40 funded and 44 that have exited. Its top competitors include companies like Vivint, ADT and Wyze.

Company Details

Provider of hardware and software for monitoring home energy consumption. It is open to developers nest Protect, a better smoke and carbon monoxide detector.
Website
nest.com
Phone Number
+1 **********
Registered Address
Palo Alto, California
Key Metrics
Founded Year
2010
Location
Palo Alto, United States
Stage
Acquired
Total Funding
$80M in 3 rounds
Latest Funding Round
Ranked
Employee Count
307 as on Dec 31, 2022
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Google (Jan 13, 2014)

Nest's acquisition details

Nest got acquired by Google on Jan 13, 2014 at an acquisition amount of $3.2B. It was facilitated by Orrick and Lazard.
Click here to take a look at Nest's acquisition in detail
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Nest's funding and investors

Nest has raised a total funding of $80M over 3 rounds. Its first funding round was on Sep 2010. Its latest funding round was a Series C round on Jan 29, 2013 for $*****. 2 investors participated in its latest round. Nest has 14 institutional investors.

Here is the list of recent funding rounds of Nest:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jan 29, 2013
5432388
Series C
9369580
6941579
6783411
5534248
Aug 2011
6038330
Series B
4073062
5247235
6555085
6714898
Sep 2010
1140962
Series A
9236047
4525473
9245926
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Nest's founders and board of directors

Founder? Claim Profile
The founders of Nest are Tony Fadell and Matthew Rogers.
Here are the details of Nest's key team members:

Nest's employee count trend

Nest has 307 employees as of Dec 22. Here is Nest's employee count trend over the years:
Employee count trend for Nest
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Nest's Competitors and alternates

Top competitors of Nest include Vivint, ADT and Wyze. Here is the list of Top 10 competitors of Nest, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Vivint
Vivint
1999, Provo (United States), Acquired
Manufacturer of cloud-based smart security cameras for home applications
$172M
82/100
2nd
Logo for ADT
ADT
1874, Boca Raton (United States), Public
Provider of cloud-based surveillance products for home security
$24.1M
80/100
3rd
Logo for Nest
Nest
2010, Palo Alto (United States), Acquired
Provider of hardware and software for monitoring home energy consumption
$80M
79/100
4th
Logo for Wyze
Wyze
2017, Kirkland (United States), Series B
Manufacturer of cloud-based smart security cameras for video surveillance
$146M
77/100
5th
Logo for Alarm.com
Alarm.com
2000, Tysons (United States), Public
Provider of a cloud-based video intercom and physical security systems
$137M
 
76/100
6th
Logo for Control4
Control4
2003, Salt Lake City (United States), Acquired
Provider of smart home automation and control systems for residences
$56.2M
73/100
7th
Logo for Brilliant
Brilliant
2015, San Mateo (United States), Acquired
Provider of smart home automation and control system technologies
$70.7M
69/100
8th
Logo for Netatmo
Netatmo
2011, Boulogne-Billancourt (France), Acquired
Provider of diversified smart home products
$37.8M
62/100
9th
Logo for Josh.ai
Josh.ai
2015, Denver (United States), Series A
Developer of an artificial intelligence platform for smart home automation
$22M
-
59/100
10th
Logo for Tapo
Tapo
2001, Brea (United States), Unfunded
Provider of diversified smart home products
-
-
57/100
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Nest's Investments and acquisitions

Nest has acquired 3 companies including Revolv, Dropcam and MyEnergy. Nest has not made any investments as of now.
Here is the list of its acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Oct 24, 2014
Acquisition
2012
Boulder (United States)
Jun 21, 2014
Acquisition
2009
San Francisco (United States)
May 07, 2013
Acquisition
2007
Boston (United States)
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News related to Nest

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Media has covered Nest for a total of 8 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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