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Nest has Raised Another $80M, Now Shipping 40K+ Thermostats a Month

January 30, 2013

Smart thermostat startup Nest has closed on a round of $80 million, we've learned, and the funding was done at a post money valuation of $800 million. Google Ventures led the round, and Venrock participated as a new investor, according to our sources. Nest is currently listed on Venrock's site.

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

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