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Jun 2

Switchbot Acquires Nanoleaf for $40 Million

Keeping you informed on the latest advancements, comprehensive reviews, and essential gadgets in the smart home sector. Nanoleaf, the prominent smart

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Originally reported bytheverge

Keeping you informed on the latest advancements, comprehensive reviews, and essential gadgets in the smart home sector.

Nanoleaf, the prominent smart lighting firm recognized for its innovative modular RGB lighting panels, has been acquired by OneRobotics. OneRobotics is the parent company behind Switchbot, a key player in the smart home market. This acquisition, disclosed via a filing on the Hong Kong stock exchange, is projected to finalize over a two-year period. Notably, Nanoleaf recently declared a strategic shift towards robotics and artificial intelligence, fields where smart home giant Switchbot already holds substantial expertise, having debuted its inaugural humanoid household robot at CES earlier this year.

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#AI News#Switchbot#Nanoleaf#Smart home#Acquisition
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