“Dropcam lets you check in on your home, no matter where you are in the world. But that’s not the only reason we’re excited about adding them to the Nest family. Our companies actually have a lot in common.”
That’s the word from Nest, which gathered plenty of acclaim for its smart connected thermostat — so much so that Google acquired the startup for more than $3 billion. Now the subsidiary returns the favor by buying Dropcam, maker of in-home WiFi-connected cameras — although for $555 million.
“Although this was a big decision for us, it wasn’t a difficult one to make,” says Nest founder Matt Rogers in a blog post. “Before deciding to extend an offer to Dropcam, we spent a lot of time looking at camera companies and technologies around the world. And I can say without a doubt, Dropcam has the best products, services, and customer experience in the business.”
What’s next? “The plan is for us to work together to reinvent products that will help shape the future of the conscious home and bring our shared vision to more and more people around the world,” Rogers continues. “For now though, not much will change. Dropcam products will still be sold online and in stores. And Dropcam customers will still continue to use their Dropcam accounts.”
Dropcam was founded in 2009, with products we “literally built ourselves,” writes co-founder Greg Duffy. “Nest and Dropcam are kindred spirits. Both were born out of frustration with outdated, complicated products that do the opposite of making life better.”