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Nest Bought Dropcam Over the Weekend for $555 Million

nest dropcam

As we got ready to cruise into the weekend, Nest went ahead and announced that they are acquiring Dropcam, the popular IP cam company, for $555 million. Nest noted that they did a lot of research on camera companies, finding that Dropcam “without a doubt, has the best products, services, and customer experience in the business.”

If you own Dropcam products, Nest wants you to know that nothing is changing at this point. You can still buy them online or in some stores and that your Dropcam account will still work for the time being. Eventually, though, they will fold in Dropcam services in to Nest, which I would imagine means you will use a Nest account and see Dropcam activity in the Nest app. 

In terms of privacy, since Nest is owned by Google and everyone hates Google these days, know that Dropcam “will come under Nest’s privacy policy, which explains that data won’t be shared with anyone (including Google) without a customer’s permission. Nest has a paid-for business model and ads are not part of our strategy. In acquiring Dropcam, we’ll apply that same policy to Dropcam too.”

So what are we going to see from this acquisition? Nest wouldn’t say, but their vision of the home now has vision. If you were looking for a one-stop home automation shop that involves Nest, this puts them in position to become that.

Via:  Nest
  • TC Infantino

    Stil waiting for Jarvis

  • Chris Hughes

    JROMEO clearly wants to know about Canary lol

    • JRomeo

      I’m either going to buy a canary, or wait to buy whatever google does to improve Dropcam………. I’m curious to other people’s opinion. but they don’t seem to be sharing their opinions with me right now…. I will wait.

  • JRomeo

    QUESTION: Do any of you think this is better than the Canary for home security purposes? ( http://www.canary.is ) ?

  • ApplesNAndroids

    As somebody vested in both Nest and Dropcam throughout my home, this makes me very excited.

    • JRomeo

      how would you compare Dropcam to something like the Canary? ( http://www.canary.is ) ?

    • firemarshall bill

      As somebody who divested their Nest and never bought a Dropcam, I am even more excited. I guess it would be good if you want to see a house on fire and zoom in on the “protect”, potentially sitting there silently?

      • steveliv

        Why would the Protect be there silent? The issue with the Protect had to do with the Wave feature, which has now been disabled.

        • Lou Ki

          As long as a user updates their firmware? And what other unknown defects may their be?

          • steveliv

            Aren’t firmware updates automatic? The devices are connected to WiFi. I don’t think user intervention is necessary. Nest acted quickly to the problem. They even are refunding the price difference if you bought it previously.

  • King of Nynex

    I did freelance work for these guys. It’s pretty funny to see thieves steal the camera after a burlgary, only to not realize that all of the footage is sent to the cloud.

  • Jeff Mowbray

    I can’t wait. Love my Nest thermostat

    • epps720

      Me too! Hope they make some announcements at I/O to show where they are heading with Nest.

    • JoanneTomkinsyvy

      upto
      I saw the receipt of $5294 , I accept that my sister was like they say
      actually receiving money part time on their apple laptop. . there friends
      cousin had bean doing this 4 only 9 months and recently cleared the morgage
      on their appartment and bourt a brand new Mazda MX-5 . visit the website

      w­w­w.w­o­R­k­s­7­7.c­o­m

  • bobbyrock

    It’s weird how people think that Google would have any interest in watching nanny cam footage of someone’s boring home life. I wonder what’s feeding all of these narcissistic thoughts in people’s brains these days…

    • middlehead

      You don’t understand how a company that makes all their profits from advertising would want to know what you do at home?

      • icu

        Maybe like Microsoft Kinnect having ability to tell who is in a room for advertising purposes?

  • Good_Ole_Pinocchio

    HOME INVASION!

    • G Evil

      Google maps with live inside views of your home?

      • Good_Ole_Pinocchio

        Isn’t that already a thing? . . . . Well for Supermarkets anyway. I think

      • TinFoilHat

        And the ability to use 3d mapping to be installed in newer cameras

    • Droid Ronin

      I keep thinking Skynet when I see something like this.