- 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.
at CNBC.com (Nov 19, 2014)