Smart home business Nest to fold back into Google

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That mission? "To create a more thoughtful home, one that takes care of the people inside it and the world around it".

Nest Labs, known for its smart home Wi-Fi thermostat, was acquired by Google in 2014 for $3.2 billion (roughly Rs. 20,600 crores) and later became an independent Alphabet "other bets" unit dedicated to connected devices. Now the company, which Nest CEO Marwan Fawaz claims has shipped over 11 million devices to date, is being brought back into Google, and that means Google is about to get a lot more intimate with your home. "It just makes sense to be developing them together", said Osterloh in an interview with CNET regarding the change.

Nest, is a company which manufactures thermostats and camera products and services is now officially integrated with Google's Hardware division. We have different journeys.

Nest rejoins Google to bring an assistant to its products in a big way. At that time, it was chose to run Nest Labs as a separate company. Together with the Nest team and our partners, we've helped save over 19 billion kWh of energy, helped save a number of lives - both human and pets - with Nest Protect, and helped families feel more safe at home with Nest Secure and Nest Cam. For the most part Nest and Google existed separate of each other, where they each did their own thing.

Google announced Wednesday that it was reabsorbing Nest. As a thermostat originally created to shave down a customer's bill and help the planet in the process, Nest has been reimagined as one cog in a larger smart home machine. Fadell resigned as head of Nest in 2016, but the company kept going under Google's new Alphabet corporate structure.

There's been a major recovery at Nest over the a year ago, with the slow product release schedule having been replaced by a steady slew of new products. At the time, Nest founder and Chief Product Officer Matt Rogers wrote in an FAQ that Nest's privacy policy "clearly limits the use of customer information to providing and improving Nest's products and services".