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Google reportedly mulls bid for Dropcam in home security push

  • Several sources tell The Information Google's (GOOG +1.7%) newly-acquired Nest Labs unit is planning to expand into the home security market, and has considered buying Wi-Fi security camera maker Dropcam.
  • Dropcam raised $30M last year at a high 9-digit valuation. It offers HD cameras (priced at $150-$200) that are backed up by mobile apps that deliver sound/activity alerts, and a cloud-based recording service. Ambarella's (AMBA +1.9%) video-processing SoCs power the cameras.
  • The report follows one stating Apple plans to unveil a home automation software platform for iDevices next week. Apple's solution is said to interact with hardware from 3rd-party OEMs.
  • TechCrunch has previously reported Google plans to turn Nest, led by former iPod creator Tony Fadell and featuring many other ex-Apple employees, into its core hardware R&D unit.
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Comments (2)
  • Bill Maurer
    , contributor
    Comments (5017) | Send Message
     
    Been hearing a lot of Dropcam commercials on the radio lately. The cat one is annoying, but I guess that's kinda the point of the product.
    27 May, 03:17 PM Reply Like
  • Dugly
    , contributor
    Comments (27) | Send Message
     
    So I can get rid of my ADT signs and get ones that say "Protected by Google"?
    27 May, 10:11 PM Reply Like
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