Nest, a startup that makes a "smart thermostat" and an equally intelligent smoke detector, is now hotter than ever with a $2 billion valuation, according to a report.
The figure is based on a $150 million round of funding led by DST Global, according to a report in Re/code. The report states that the valuation could be as high as $3 billion. Nest's last reported valuation figure was $800 million, which was based on an $80 million funding round last January.
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Reps from Nest could not be reached for comment on the report.
Founded in 2010 in a rented Palo Alto, Calif., garage by former Apple employees Matt Rogers and Tony Fadell, Nest now has more than 200 employees. The company hasn't disclosed its revenues, but in January 2013, it was reported to have shipped 40,000 thermostats a month. The items, which "learn" to heat the house as you like in the most efficient way possible, retail for $249.
Nest introduced its $149 Nest Protect smoke detector in October. The device promises fewer false alarms.
Image: Nest