• Jealous of Google and Nest? Amazon Just Invested in a Smart Thermostat Startup

    7 monthes ago - By Fortune

    German smart thermostat startup Tado just raised $50 million in Series F funding, including from one very prominent backer: Amazon amzn
    .
    With the latest infusion, the Munich-based startup nearly doubled its total funding. Tado's device and app integrate with home heating and cooling systems to adjust temperatures based on usage and to maximize energy efficiency, and are already compatible with Amazon's Alexa voice assistant.
    Other backers in this round include German energy giant E.ON eongy
    , gas company Total and the European Investment Bank.
    Could it be that Amazon is jealous of Nest?...
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