With New Funding, Nest Is Reportedly Valued At More Than $2 Billion

The home tech startup bringing us smart thermostats and smoke detectors is raising more than $150 million.

Nest, one of the firms at the vanguard of building a brain for your home with its smart thermostat, is close to raising more than $150 million, according to Kara Swisher--whose new site, Re/code launched yesterday. The funding, from Yuri Milner's DST Global investment body, will value Nest at over $2 billion. If completed, Nest's value will have almost tripled in less than a year.

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