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Google Acquires Nest for $3.2B, Now Knows More About You Than the NSA

Yesterday, home automation company Nest–makers of the infamous $250 learning thermostat and a suspiciously intelligent smoke detector–announced that they had been acquired by Google for $3.2 billion in cash. In a statement about the acquisition, Nest said that while they had been doing great on their own, Google’s “business resources, global scale, and platform reach” were basically just too tempting to turn down. The statement is also peppered with reassurances that this wholly unexpected announcement...
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Fox News Discovers Home Automation

You know something has gone mainstream when even Fox News is covering it. If this recent segment is an indicator, home automation is there. Granted, Fox is not exactly on the bleeding edge of the technology. The product they highlight–a Honeywell system–is kind of the IBM of the home automation world; old, corporate, reliable. And the air of breathless excitement lavished over somewhat pointless functionality (“You can open your blinds using your iPhone!”) smacks of...
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VCs Put $468 Million Into Home Automation Since 2012

The Wall Street Journal reported Friday that venture capitalists have put $468 million into home automation startups since 2012. According to the article, this is part of a bigger trend towards investment in the so-called ‘Internet of Things” (a term which has about as much utility as “Web 2.0” or the “Cloud.”) Total Internet of Things funding was a good deal higher, at $752 million. This was spread over 112 deals, for an average deal...
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Home Automation Market Worth a Ton of Money ($48b)

According to a new report today from the rather tragically-named research firm MarketsandMarkets, the home automation market was worth $19.5 billion in 2012, and is expected to grow to $48.02 billion by 2018. That’s as much as the market for “cloud computing” that people are always making such a fuss about. It’s not hard to guess at the reasons for this rapid growth. Wireless technologies are getting cheaper and more ubiquitous, energy is getting more...
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