Latest in Aquisition

Image credit:

Nest is acquiring Dropcam for $555 million

Nicole Lee, @nicole
06.20.14
173 Shares
Share
Tweet
Share
Save

Sponsored Links

Nest has just announced that it'll be purchasing IP camera company Dropcam for $555 million. According to Re/code, Nest is acquiring the firm on its own without the assistance of Google, its parent company, and will be incorporating Dropcam into the Nest brand. Dropcam makes one of the more popular WiFi surveillance cameras on the market and most recently released an advanced Pro version for $199 late last year. Along with the hardware, Dropcam also provides a service that lets you view what the camera's seeing via the web or a dedicated Android or iOS app. There's an optional subscription plan that'll give you access to Dropcam's Cloud Recording service that records video as well. We're not entirely sure yet on how Dropcam will work in concert with Nest's smart thermostats and smoke alarms, but we imagine it'll open more possibilities for the connected home.

Update: We've since corroborated with Nest that it has indeed purchased Dropcam outside of Google.

Source: Nest, Dropcam, Re/code
In this article: aquisition, dropcam, google, nest
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
173 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget’s guide to Home Entertainment

Engadget’s guide to Home Entertainment

View
Facebook Portal review (2019): A redesign doesn't ease privacy fears

Facebook Portal review (2019): A redesign doesn't ease privacy fears

View
AMC is launching its own on-demand movie service

AMC is launching its own on-demand movie service

View
GoFundMe's new platform is just for charities and nonprofits

GoFundMe's new platform is just for charities and nonprofits

View
The Morning After: Listing 'basically everything' launching with Disney+

The Morning After: Listing 'basically everything' launching with Disney+

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr