Dive Summary:
- Nest, the smart thermostat startup, has raised $80 million in funding, reaching a post-money valuation of $800 million.
- The round of funding was led by Google Ventures while Venrock joined as an investor.
- The company is shipping between 40,000 to 50,000 smart thermostats per month; sources say Nest is projected to ship 1 million smart thermostats per year.
From the article:
"... The company has raised this round to continue its growth; it’s now shipping 40,000 to 50,000 of its learning thermostats per month. If the company’s growth continues at this current rate, Nest could reach a shipment rate of 1 million thermostats per year by the summer, say our sources. Note, that’s shipments, not sales, though the figures are clearly closely related. ..."
