Nanoleaf, the smart lighting specialist, has been acquired by OneRobotics, the parent company of SwitchBot, and the two companies have signed a deal that sets the stage for more than a simple integration strategy, as the foundation for a broader push into AI-powered home automation.
OneRobotics is paying approximately $40 million over two years to fully acquire Nanoleaf. The figure was pulled from public filings that also show Nanoleaf’s annual revenue is about $30 million, even though the company has been operating at a net loss for the past two years.
The financials provide context for CEO Gimme Choo to characterize the deal as growth-driven rather than survival-driven, and Chew said in an interview that there was no pressure on Nanoleaf to sell and that the partnership felt right given the long-standing relationship between the two companies.
Operationally, Nanoleaf will remain independent, with Chu and co-founder Christian Yan continuing to lead the company from its Toronto headquarters, and the brands will remain separate entities upon completion of the acquisition.
In addition to maintaining its existing structure, Nanoleaf expects to benefit from OneRobotics’ manufacturing infrastructure and supply chain, which the company says will help it scale production and reduce costs in a market where rivals such as Govee and Philips Hue outpace them in volume and retail presence.
In return, Nanoleaf also brings something unique to OneRobotics, one of the earliest companies to implement the Matter and Thread connectivity standards into products, giving SwitchBot access to hard-won ecosystem expertise in an area where Chinese companies have historically lagged behind.
The acquisition expands both companies’ ambitions well beyond their current product lines, with Nanoleaf already developing products centered on embodied AI and expanding its wellness-focused LED product line, while SwitchBot debuted its first humanoid home robot at CES 2026 and has previously released an AI-powered tennis robot and companion robot.
In a public filing, OneRobotics described the deal as an important step in its strategy to build a global AI ecosystem embedded in the home, a framework consistent with similar positioning from competitors including Dreame.
Nanoleaf’s retail presence in North America and Europe, including partnerships with major chains such as Apple, Best Buy, and Costco, gives SwitchBot the physical retail presence it currently lacks in these regions and adds a commercial dimension to the deal beyond product and technology integration.
At this time, neither company has confirmed pricing or timelines for specific joint products.
