OneRobotics Acquires Nanoleaf to Build Embodied AI Ecosystem

The acquisition, which Nanoleaf CEO Gimmy Chu describes as a strategic merger, aims to address the resource constraints that have historically slowed the company’s product development. Public filings reveal that OneRobotics will pay $40 million over two years to secure the brand. Despite being a decade-old entity, Nanoleaf has faced financial headwinds, reporting annual revenues of $30 million against net losses over the past two years. The new backing provides a critical cash infusion for its Toronto headquarters and grants access to OneRobotics’ extensive supply chain and manufacturing facilities.

Operational autonomy remains a central pillar of the agreement. Chu and cofounder Christian Yan will continue to manage the company, focusing on deeper product integrations between the two ecosystems. The partnership fills a strategic void for OneRobotics, which currently lacks a significant foothold in smart lighting. Conversely, Nanoleaf gains the manufacturing scale required to lower costs and compete more aggressively against market leaders like Philips Hue and Govee.

Beyond hardware, the deal is anchored in a shared vision for embodied AI. OneRobotics, which recently debuted a humanoid home robot at CES, views Nanoleaf’s expertise in connectivity standards like Matter and Thread as essential to building a unified, adaptive home environment. The acquisition also provides SwitchBot with a vital bridge into North American and European retail markets, leveraging Nanoleaf’s existing relationships with major retailers including Apple, Best Buy, and The Home Depot.