Dropcam

Google’s Nest Acquires Dropcam for $555 Million

On Friday, Google-owned Nest acquired San Francisco-based Dropcam, a company that makes home monitoring cameras, for $555 million. According to Re/code, Nest has acquired Dropcam without any assistance from Google. The company is set to incorporate Dropcam into the Nest brand. In an interview with Re/code, Nest co-founder and VP of engineering Matt Rogers said:...