Nest Labs has expanded into the home security market with a range of products which includes the Nest Secure alarm system, Nest Hello video doorbell, Nest Cam IQ outdoor security camera, and corresponding software and services.
The video doorbell uses Google’s facial recognition technology.
Nest Labs is one of the first big movers in the home automation market, and the company is thought to be one of the leaders.
Neato Robotics, which mainly makes robotic vacuum cleaners for the home, has been acquired by Vorwerk. Terms of the transaction were not disclosed.
Vorwerk first invested in Neato Robotics in 2010. With this acquisition, the German family-owned enterprise says it is enhancing its strategic position on the emerging global market for home robot vacuums.
It’s an exciting time to be a homeowner, but it can also be overwhelming. It seems every week there is a new smart home product on the market that can automate various aspects of your life, and it can be tough to decide which direction to go.
Like all new technology, there is a certain amount of risk involved. You don’t want to jump on something too early, only for it to be outdated and forgotten about a year later.
On the flip side, there is also that natural feeling of wanting to keep up with the trends in order to maximize your home value — not to mention take advantage of all of the cool features many of these devices have.