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
Investors
Ranked
3rd among 905 active competitors
Employee Count
307 as on Dec 31, 2022
Exit Details
Acquired by Google (Jan 13, 2014)
Legal entities associated with Nest
Nest is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
NEST LABS, INC. CIN: 272516403 , United States, Active | Dec 31, 1999 | - | 307 (As on Dec 31, 2022) | - |
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 |
View details of Nest's funding rounds and investors
Nest's founders and board of directors
Founder? Claim ProfileThe founders of Nest are Tony Fadell and Matthew Rogers.
Here are the details of Nest's key team members:
- Tony Fadell: Founder & CEO of Nest and founder of 1 other company. They are also an angel investor in 14 startups.
- Matthew Rogers: Co-Founder & CPO of Nest and founder of 1 other company. They are also an angel investor in 4 startups.Contact Info: 2 email addresses
View details of Nest's Founder profiles and Board Members
Nest's employee count trend
Nest has 307 employees as of Dec 22. Here is Nest's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Vivint 1999, Provo (United States), Acquired | Manufacturer of cloud-based smart security cameras for home applications | $172M | 82/100 | |
2nd | ADT 1874, Boca Raton (United States), Public | Provider of cloud-based surveillance products for home security | $24.1M | 80/100 | |
3rd | Nest 2010, Palo Alto (United States), Acquired | Provider of hardware and software for monitoring home energy consumption | $80M | 79/100 | |
4th | Wyze 2017, Kirkland (United States), Series B | Manufacturer of cloud-based smart security cameras for video surveillance | $146M | 77/100 | |
5th | Alarm.com 2000, Tysons (United States), Public | Provider of a cloud-based video intercom and physical security systems | $137M | 76/100 | |
6th | Control4 2003, Salt Lake City (United States), Acquired | Provider of smart home automation and control systems for residences | $56.2M | 73/100 | |
7th | Brilliant 2015, San Mateo (United States), Acquired | Provider of smart home automation and control system technologies | $70.7M | 69/100 | |
8th | Provider of diversified smart home products | $37.8M | 62/100 | ||
9th | Josh.ai 2015, Denver (United States), Series A | Developer of an artificial intelligence platform for smart home automation | $22M | - | 59/100 |
10th | Tapo 2001, Brea (United States), Unfunded | Provider of diversified smart home products | - | - | 57/100 |
Looking for more details on Nest's competitors? Click here to see the top ones
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) |
See all acquisitions by Nest
News related to Nest
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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Nest and IFM partnership makes first investments in regional projectsBusinessGreen•Oct 20, 2025•IFM Investors, Nest
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Google Home adds scheduling for older Nest thermostats | The VergeThe Verge•Aug 18, 2025•Google Sites, Nest
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North West Partnership acquires first BTR scheme with deal for 51-storey Renaker skyscraperInsider Media•Mar 07, 2025•Lgchem, Nest, PGGM, Renaker
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L&G acquires first BTR site in partnership with Nest and PGGMProperty Week•Mar 06, 2025•LG, Nest, PGGM
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Google Home just put the final nail in the old Nest app's coffinAndroid Police•Nov 19, 2024•Google, Nest
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