About Nest Labs
Nest Labs is a home automation company manufacturing sensor-driven, Wi-Fi-enabled, self-learning thermostats and smoke detectors.
Headquarters
Nest Labs, Palo Alto
Founded
2010-05-25
Industry
Manufacturing, Sensor, Smart Home
Last Funding Type
Private Equity
Valuation
13
Total Funding
$230.00 million dollars
IPO Status
Private
Financial
Founded by former Apple engineers in 2010, Nest Labs quickly gained attention with its debut product, the Nest Learning Thermostat. The company, known for its home automation products like thermostats and smoke detectors, has expanded its project scope to include innovations in smoke detection technology.
Funding Rounds
4
Number of Lead Investors
2
Total Funding Amount
$230.00 million dollars
Number of Investors
13
Nest Labs vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| Nest Labs | $13B | $230.00M | 4 |
| Bitmain | $15B | $764.70M | 3 |
| Clubhouse | $16B | - | - |
| Tellium | $2B | $50.00M | 2 |
| Latch | $1.6B | $342.12M | 7 |
| Grove Collaborative | $1.5B | $621.50M | 9 |
| NJOY | $5B | $494.30M | 12 |
| Insightec | $3B | $882.90M | 12 |
| Epirus | $1B | $287.63M | 4 |
| SpaceX | $137B | $9.77B | 38 |
| Tesla | $684B | $20.16B | 39 |
| Zetwerk | $3B | $868.25M | 17 |
| SmartRent | $2.2B | $256.50M | 6 |
| Just Egg | $8B | - | 3 |
| Spreadtrum | $2B | $2.14B | 8 |
| Block | $53B | - | - |
| Allbirds | $2.2B | $202.45M | 8 |
| Solugen | $4B | $855.77M | 10 |
| Luminar | $2.9B | $709.75M | 11 |
| Boom Supersonic | $8B | $307.50M | 16 |
| MarkForged | $2.1B | $346.80M | 7 |
| Flock Safety | $12B | $380.58M | 7 |
| Density | $11B | $217.20M | 9 |
| York Space Systems | $2B | - | 2 |
| Formlabs | $15B | $253.70M | 9 |
| The Zebra | $2B | $2.50B | 3 |
| Houzz | $20B | $613.60M | 8 |
Growth Trends & Market Impact
Nest Labs may be growing as indicated by several news articles. The company was acquired by Google for a significant sum of $3.2 billion USD, which suggests a strong valuation and potential for investment in growth. Additionally, the home energy management system market, which includes companies like Nest Labs, is projected to grow at a CAGR of 19.1%, indicating a favorable market environment for Nest Labs' products. Furthermore, under Google's ownership, Nest has continued to innovate and expand its product line, which is a positive sign of growth and development within the company.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 07.01.2014 | $150.00 million dollars |
DST Global |
| №2 | 30.01.2013 | $80.00 million dollars |
Google Ventures |
| №3 | 01.08.2011 | $80.00 million dollars | |
| №4 | 21.09.2010 | $80.00 million dollars |