Revolutionising Home Automation: Nest Labs
Post By Saksham Garg on 02-November-2015
Nest Labs is a home automation company that produces smart home gadgets like the Learning Thermostat, Protect Smoke Detector, Security Systems, etc. It has been given credit for making day to day objects smarter and more energy efficient.
Nest was co-founded by former Apple engineers Tony Fadell (inventor of the iPod and three generations of iPhone) and Matt Rogers in 2010. It expanded rapidly, from about 130 employees in 2012 to 460 by 2014. Presently, Nest has more than 1000 employees working for it. In January 2014, Google (now Alphabet Inc.) acquired Nest Labs for a massive $3.2 billion.
So how did it all begin? What gave birth to ‘Nest’? Where did this idea come from?It all started when Tony still worked at Apple and was having his new house built. He noticed that the thermostat in his house was pretty old fashioned, with no innovation in this field since the last 30-40 years. He also found out that thermostats account for 50-60% of the energy consumption of a household. This intrigued him and he set out to research in this field, seeing in front of him an excellent opportunity, a great market and scope for energy conservation.
After some years of extreme hard work and dedication, Tony Fadell along with his team at Nest was able to launch the ‘Learning Thermostat’. It was like no ordinary thermostat. Having more than five sensors, the Learning Thermostat presented itself as one of the first devices under the ‘Internet of Things’. The thermostat was able to detect your presence at home, analyse weather conditions, record and use your home temperature settings and with smart algorithms provide the best possible temperature control utilising the minimum amount of energy.
Over the years, Nest worked upon more projects as well and grew exponentially. So much so, that Google bought Nest Labs in 2014 after realizing its potential. Google could now leverage Nest’s technical prowess and manpower to develop the next generation of Internet-enabled home gadgets and speed up the development process. This would increase Google’s involvement in the $600 billion IoT market.