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Season 2, Episode 3: Nest
Acquired
Nest Learning Thermostat: A Startup's Story
The Nest learning thermostat was launched in October 2011. The company raised a $55 million series B from Google Ventures, which would end up owning 12% of the company before buying it. In January 2013, they raised their series C at a $80 million pre-money valuation. At that time, nest was shipping on the order of 50,000 thermostats per month and making well over $100 million annual.
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