SwitchBot’s acquisition of Nanoleaf is about more than lighting

Nanoleaf has made a name for itself by developing smart color-changing LED lighting products, including wall panels, TV mirroring, and display cases. | Image: Nanoleaf Smart lighting company Nanoleaf has been acquired by One Robotics, the parent company of Switch Bot. In an exclusive interview with The Verge, Nanoleaf CEO Gimmy Chu says the company will remain independent and that he and his cofounder and COO, Christian Yan, will continue to run it. "Nothing is changing operationally," says Chu, adding that there are plans for product integrations between the two smart home companies. The sale, which Chu characterized as "more of a merger," will provide Nanoleaf with significant resources, including a cash infusion that will, among other things, help the company grow its team at its Toronto headquarters. I … Read the full story at The Verge.