Nest purchased IP camera company Dropcam for $555 million. The purchase of Dropcam is happening without the assistance of Nest’s parent company, Google, and Dropcam will be incorporated into the Nest brand.
Dropcam is known for creating WiFi surveillance cameras, and released a Pro version of their camera last year for $199. Dropcam also provides a service to allow users to see what their camera is seeing via the web or a mobile app.
It seems the next big push is towards home automation.