Nest Labs Acquires Home Automation Startup Revolv
David Curry | | Oct 25, 2014 01:00 PM EDT |
Google's (GOOG) Nest Labs is spending a good amount of money acquiring new talent, evidenced by the recent acquisition of home-monitoring startup Dropcam for $555 million, and now the acquisition of digital home-automation startup Revolv.
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Revolv is the main hub for all smart-home devices, it controls things like wireless speakers, LED light bulbs and other smart-home devices like Nest's thermostat. This new hub should work for Nest's expansion as a full smart-home platform, rather than a few fancy devices.
Nest Labs kicked off the "Works with Nest" program back in June, adding Mercedes-Benz and Logitech. This week, Nest announced a new range of partnered devices, the most notable being Pebble Smartwatch, along with a few new smart-home applications.
It looks like Nest will be Google's filter into the smart-home market. It wouldn't be surprising if Google announces a new product name for Nest, to fit with the Google ecosystem of products and services.
Google has given Nest Labs a rather unlimited budget when it comes to acquisitions. It wouldn't be shocking to see a billion dollar acquisition soon enough. Google acquired Nest Labs earlier this year for $3.2 billion.
Nest Labs is on the same wavelength as other external teams, like YouTube and Calico. This means Nest Labs reports to CEO Larry Page, instead of reporting to Sundar Pichai, who now runs all of Google's normal products and services.
Apple has its own smart-home platform, HomeKit, but has failed to announce any smart-home products, relying heavily on third parties. This might be Apple's downfall, while Nest Labs works on even more smart-home devices.
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