Switchbot buys Nanoleaf for $40 million. OneRobotics, the parent company of Switchbot, has acquired the smart lighting company Nanoleaf. This acquisition, valued at $40 million, is expected to finalize over two years. Nanoleaf is pivoting towards robotics and AI, aligning with Switchbot’s established presence in these fields, highlighted by their recent humanoid robot launch.

• OneRobotics, parent company of Switchbot, is acquiring Nanoleaf.
• The acquisition is valued at $40 million and will take two years to complete.
• Nanoleaf is shifting its focus to robotics and AI.
• Switchbot recently launched its first humanoid household robot at CES. Continue reading https://www.theverge.com/tech/941430/switchbot-buys-nanoleaf-for-40-million