Items tagged with Dropcam
Following Google’s initial foray into the connected home front with the acquisition of Nest is an acquisition of Dropcam, a startup that makes a cloud-based WiFi video monitoring service. Rumors had emerged a few weeks ago that this was happening, but now the deal is going through for $555 million. According to the Wall Street Journal, Nest co-founder Matt Rogers confirmed that the company is paying cash for Dropcam. The deal will close pending regulatory approval. There are, of course, concerns over any Google-owned products and services in the connected home because of the search giant’s ad-focused revenue stream, but Rogers assured that neither Nest nor Dropcam will sell ads, and...
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You had to expect that Google had more in mind than trendy home thermostats when it acquired Nest Labs in February. Word is trickling in that Google’s Nest unit is now planning to acquire Dropcam, maker of Internet-connected webcams. There’s no official word yet on a possible sale. Dropcam's Wi-Fi connected webcam It’s easy to see why Nest likes Dropcam, but it’s a little less apparent how the scrappy security webcam startup would fit into Google’s advertising-oriented business. Dropcam is known for making $150 cameras that connect to your home’s wireless network and stream video to your phone and other devices. It’s not surprising that Nest would see...
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