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Switchbot buys Nanoleaf for $40 million.

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Switchbot buys Nanoleaf for $40 million.

TL;DR

  • 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.