It may not seem like smart home gadgets are a big industry, but they are. Consider the fact that one startup in the industry, called Nest, has managed to raise over $150 million in funding. This puts the future valuation of the startup somewhere between $2 billion and $3 billion.
How much money is there in smart thermostats and smoke alarms? Try more than $2 billion. Nest, the smart home gadget startup, is reportedly in the midst of raising a huge round of funding — between $150 million and $200 million – reports Re/Code (the site founded by the AllThingsD team). That range puts Nest’s future valuation somewhere between $2 billion and $3 billion, sources say. While it sounds like investors are still actively trying to get in on the new round, sources tell Re/Code that Yuri Milner’s DST Global investment firm has scored the leading role.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
A profile has been popping on Tinder this week for users in Austin. Many of the attendees of the SXSW…
The Department of Justice and the NSA are being sued by the Wikimedia Foundation with the goal of ending "this mass…
Transparency reports have pretty much become a must-have for Internet companies, with the big companies like Facebook and Google releasing massive…
We've already established that Valve's highly-anticipated Steam Machines will finally be hitting the market this November, but what will the…
