Google-owned Nest purchased Wi-Fi video monitoring company Dropcam for $555 million.
The Dropcam, which sells for $150 to $200, allows users to monitor their homeon the go. They also have a cloud-based archive service is available for $10 to $30 per month. It was crystal clear when Google bought Nest for $3.2 billion earlier this year that it was not just purchasing a thermostat company. Instead, Google was investing in a smart home platform and the great design pedigree of the Nest founders.The Nest thermostat only has one motion sensor, and depending on where it sits in the house, it likely does not pick up nearly as much information on the comings and goings of the household as a Dropcam could. The Dropcam family of products also includes Dropcam Tabs that can help keep an eye on which doors and windows are open. That information could, in turn, help to fine-tune the Nest thermostat to provide an even better temperature settings.