Monday, October 27, 2014

Google's Nest Acquires Revolv

Palo Alto-based smart thermostat maker Nest--which is now owned by Google--has acquired smart home hub maker Revolv, Revolv said today. Financial terms of the buy were not disclosed. Boulder, Colorado-based Revolv's products are used to manage smart devices like Nest's thermometers and smoke detectors, as well as equipment from a number of other smart home device developers. Revolv was venture backed by The Foundry Group and American Family Insurance.