Nest's new round of funding could value the company at more than $2 billion

Shawn Knight

Posts: 12,795   +124
Staff member
Nest Labs is reportedly close to closing a new round of funding to the tune of $150 million. The deal would value the smart home startup at more than $2 billion according to sources close to the situation as reported...

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The company definitely has potential. They have to avoid making gimmicks though.
But that's what they do, they make gimmicks, expensive gimmicks. They take advantage of people's inherent laziness, love of gizmo's, bling and bragging turn it into profit. Nothing wrong with that at all. If I had the means I'd do it myself.