David Hirsch, co-founder of Metamorphic Ventures, recently wrote for Tech Crunch, “There has been a lot of talk in the venture capital industry about automating the home and leveraging Internet-enabled devices for various functions. The first wave of this was the use of the smartphone as a remote control to manage, for instance, a thermostat. The thermostat then begins to recognize user habits and adapt to them, helping consumers save money. A lot of people took notice of this first-generation automation capability when Google bought Nest for a whopping $3.2 billion. But this purchase was never about Nest; rather, it was Google’s foray into the next phase of the Internet of Things.” Read more
Posts Tagged ‘Nest’
Previously, it was reported on SemanticWeb.com that Google had acquired Nest Labs. Steve Lohr of The New York Times recently opined that: “Google did not pay $3.2 billion for Nest Labs this year just because it designed a smart thermostat that has redefined that humble household device. No, Google also bought into the vision of Nest’s founders, Tony Fadell and Matt Rogers, a pair of prominent Apple alumni, that the Nest thermostat is one step toward what they call the conscious home. That means a home brimming with artificial intelligence, whose devices learn about and adapt to its human occupants, for greater energy savings, convenience and security. Last Friday, Nest moved to broaden its reach in the home, buying a fast-growing maker of Internet-connected video cameras, DropCam, for $555 million. And on Tuesday, Nest is expected to announce a software strategy backed by manufacturing partners and a venture fund from Google Ventures and Kleiner Perkins Caufield & Byers.”
The author added: “Nest’s is the third high-profile announcement this month about software to link devices in the home in a network known as the consumer Internet of Things. At its Worldwide Developers Conference this month, Apple introduced HomeKit, its technology for linking and controlling smart home devices. HomeKit uses the iOS operating system, the software engine of iPhones and iPads. Quirky, a start-up that manufactures and sells products based on crowdsourced ideas, on Monday announced the creation of a separate software company, Wink. Its initiative has attracted the backing of a major retailer, Home Depot, and manufacturers like General Electric, Honeywell and Philips.
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Photo courtesy: flickr/jbritton
Scott Raynovich of CMS Wire recently wrote, “Boston Dynamics, Nest and DeepMind. In the past month, Google has gone on yet another acquisition binge, spending at least $4 billion on a trio of startups that seem only loosely connected — robotics, home automation and artificial intelligence, respectively. Is there a central strategy, and what does it mean to the future of Google, the Internet of Things and Customer Experience? Based on a pattern of deals and feedback from leading experts, it appears Google believes the future is heavily connected to data gathering, machine learning and automation, which all of these companies have in common. ‘In a broader pattern, if Google is focusing on artificial intelligence (AI) and machine learning, how is this kind of semantic understanding going to help us make decisions faster and do our jobs,’ said David Schubmehl, a research director with International Data Corp. (IDC).” Read more