0

Nest – $80M in VC shipping 40K+ thermostats a month

Url

Nest – $80M in VC shipping 40K+ thermostats a month.

Learning thermostat maker Nest has closed on $80 million to keep growing, and we’ve heard it’s shipping 40K to 50K thermostats per month. The round was raised at an $800 million valuation and the company could reach a million per year shipment rate by the Summer.

Nest is also standing strong against Hollywell.

Honeywell’s suit is a misuse of intellectual property intended to harass Nest Labs and interfere with its commercial activities and relationships. Consistent with Honeywell’s pattern of past behavior, Honeywell’s motives are clear from a review of the merits and scope of the patents selected by Honeywell. Honeywell wants to use this lawsuit to scare a new competitor—and its customers, retailers and installers—out of what Honeywell believes is its space. But it will not work.


Join 7,000+ makers on Adafruit’s Discord channels and be part of the community! http://adafru.it/discord

CircuitPython in 2018 – Python on Microcontrollers is here!

Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.

Join us every Wednesday night at 8pm ET for Ask an Engineer!

Follow Adafruit on Instagram for top secret new products, behinds the scenes and more https://www.instagram.com/adafruit/


Maker Business — The many, many manufacturing processes listed on Wikipedia

Wearables — A bevel illusion

Electronics — Blown transistor?

Biohacking — We are Wired to Exercise at a Moderate Pace

Python for Microcontrollers — Make It Move with Crickit!

Get the only spam-free daily newsletter about wearables, running a "maker business", electronic tips and more! Subscribe at AdafruitDaily.com !



No Comments

No comments yet.

Sorry, the comment form is closed at this time.