Google’s Nest to acquire video monitoring startup Dropcam for $555M

Gigaom

Smart thermostat maker Nest is in the final stages of buying video monitoring startup Dropcam. The company will pay $555 million, according to the Wall Street Journal.

Nest said in a blog post published Friday afternoon that it plans to make Dropcam and Nest products work together:

Many of you already own Dropcam products and have asked if we could make them work with Nest. Today, we’re one step closer to making that happen.Eventually, the plan is for us to work together to reinvent products that will help shape the future of the conscious home and bring our shared vision to more and more people around the world.

Customer service and privacy for the two companies will be consolidated. Nest said it will also use the same business model for Dropcam, which means no ads will appear on the platform.

Nest's thermostat. Image courtesy of Nest. Nest’s thermostat. Image courtesy of Nest.

Dropcam was founded…

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