This just in: Nest is joining forces with privately held invention capital company, Intellectual Ventures (IV). Through this collaboration, Nest will purchase patents of interest and be able to access IV's portfolio of 40,000 patent assets.
The patent sales agreement relates in part to processes for automatic registration of devices, while the license agreement gives Nest access to IV's IP for Defense program (IPFD). The IPFD not only grants Nest access to its massive patent library, but also allows Nest to get patent rights to protect its products.
Nest has been involved in some patent unpleasantness with … Read more