Report: Nest is Shipping 40,000 Thermostats a Month

Nest Labs, the thermostat company founded by the man who is credited with helping to create Apple's iPod, has raised $80 million from investors and is shipping 40,000 to 50,000 units a month, according to a report.

GigaOM reports that Google Ventures led the latest round of financing, which gives Nest an estimated $800 million valuation. The investment comes as sources tell the publication that shipments could reach the 1 million per year level by summer. Meanwhile, the company is planning to branch out into other areas which could include home lighting and/or alarm systems.

Reps from Nest could not be reached for comment on the report.

Founded in 2010, Nest Labs sought to update th…
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