Nest Labs was a home automation company from Palo Alto, CA. It produced smart, Wi-Fi-enabled programmable thermostats and smoke detectors. It was co-founded in 2010 by two former Apple employees: Tony Fadell and Matt Rogers. When Google acquired it in 2014 for $3.2 billion, it employed 130 workers.
Nest Labs – China Sourcing success story
Nest Labs was a company that is a good example of China Sourcing. The devices were designed in California but assembled in China, just like Apple devices.
Nest Labs thermostats were a big market success in the US. It enabled to control one’s home’s heating from a phone app. It is another fine example of a high-quality device manufactured in China. Nest Labs also released Nest Protect, a smoke and carbon monoxide detector, was released to the market. It was a huge milestone for the smart home devices market. It is no surprise that Google saw its potential and acquired the company. Google bought Nest Labs, and the same year sold Motorola to Lenovo for $2.9 billion.
In 2019, it was renamed Google Nest. Under that name, Google sells its home electronics products.
Read more about China Sourcing.