Switchbot buys Nanoleaf for $40 million.

The smart lighting company best known for its modular RGB lighting panels has been acquired by OneRobotics, the parent company of Switchbot. According to a filing on the Hong Kong stock exchange, the purchase will take two years to complete. Nanoleaf just announced a pivot to robotics and AI, an area in which the smart home company Switchbot is heavily involved, launching its first humanoid household robot at CES this year.

Raccontata datheverge.com