OneRobotics Buys Nanoleaf for $40 Million as Smart Home Consolidation Accelerates
Updated
Updated · techbuzz.ai · Jun 3
OneRobotics Buys Nanoleaf for $40 Million as Smart Home Consolidation Accelerates
3 articles · Updated · techbuzz.ai · Jun 3
Summary
$40 million brings Toronto-based Nanoleaf under SwitchBot parent OneRobotics, while CEO Gimmy Chu said the lighting brand will keep operating independently from Toronto.
The deal pairs Nanoleaf’s LED panels and TV backlighting with SwitchBot’s automation products, with both companies already planning integrations across locks, curtain controllers and hub devices.
OneRobotics is betting scale will help solve a still-fragmented smart home experience, where uneven Matter adoption leaves consumers juggling incompatible platforms, apps and devices.
Nanoleaf, which generates about $30 million in annual revenue, gains manufacturing and product-development resources as smaller brands face pressure against Amazon, Google and Apple ecosystems.