Although home automation systems are not flying off the shelves yet, it is still early days. Connected devices in the home will be a multi-billion dollar sector as the Internet of Things becomes a big part of our every-day lives. This is why a growing number of major players are starting to snap up high-potential fledgling startups. In addition to Google's acquisition of Nest, Samsung recently purchased one of Revolv's closest competitors, SmartThings, for $200 million. Nest was itself acquired by Google for $3.2 billion a few months ago, so expect the feeding frenzy to continue!
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