Nest: Who Owns It?
The home automation company Nest has been making waves in the tech industry since its launch in 2011. Nest is best known for its thermostats, which have revolutionized the energy-saving and home temperature control industries.
But who owns Nest? Is it Google or Amazon?
The answer to this question is a bit complicated. Nest was founded by former Apple engineers Tony Fadell and Matt Rogers, who left Apple to start the company in 2010.
The company was quickly acquired by Google in 2014, when they purchased it for $3.2 billion. After this acquisition, Google folded Nest into their “smart home” unit, which was named “Nest Labs” at the time.
However, in 2018, Google sold Nest to the smart home security company Ring, owned by Amazon. Although it is still owned by Amazon, Ring operates as an independent subsidiary of Amazon, and there are no plans to integrate Nest into Amazon’s existing smart home products like Alexa or Echo.
So while it is true that Nest is currently owned by Amazon, it hasn’t always been that way – it began as an independent startup and was acquired by both Google and Amazon at different points in its history.
Conclusion:
To answer the question of who owns Nest – it is currently owned by Amazon through their acquisition of Ring. However, prior to this acquisition it had been owned by Google for several years after they purchased it from its founders in 2014.
10 Related Question Answers Found
Nest, a home automation company, is a subsidiary of Google’s parent company, Alphabet Inc. The Nest brand has become synonymous with smart home technology, and its products are popular among those looking to automate their homes. But many people ask the question “Is Nest owned by Amazon?”
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