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Nest
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Design-focused energy management company whose flagship product is a networked "learning" thermostat for home use

Founded in 2009
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector buildings

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Palo Alto, CA Palo Alto, United States
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Parent Companies Google

Updated by Matt Rogers at Nest on 06/25/2013

Edited by Cleantech Group on 06/09/2021

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  • 1 M&A items
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Date Company
06/25/2012

Reliant Energy Reliant Energy

Nest announced that Reliant has started offering its learning thermostat through one of its energy efficiency programs.

Confirmed by Reliant Energy

Partnerships
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Date Partner Type
10/06/2021
WattTime WattTime
Nest Renew will enable consumers to match their consumption with the availability of clean grid power in 15-minute intervals.
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Confirmed by WattTime
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IPO INFORMATION

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Description

Date Investors Type Amount
01/30/2013 GV GV , Venrock Venrock , Generation Investment Management Generation Investment Management , Intertrust Intertrust , Kleiner Perkins Kleiner Perkins , Lightspeed Venture Partners Lightspeed Venture Partners , Shasta Ventures Shasta Ventures (7)
Post-money valuation of $800M
Nest has raised an $80 million round led by Google Ventures. This round was reportedly done at a valuation of $800 million.
Growth Equity $80,000,000
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Protect

Smoke and carbon monoxide detector

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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