Aura Smart Air

Indoor-air Management System

Industrial Technologies
Public on TASE on May, 2021<br>
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Company Overview

Snapshot

Founded in May 2018 by Aviad Shnaiderman and Eldar Shnaiderman, Aura Smart Air operates with 11–50 employees. The company has raised a total of $15.86 million across six funding rounds and went public on TASE in May 2021.

Business overview

Aura Smart Air develops a smart air-quality platform that cleanses and disinfects indoor air while monitoring its quality in real time. Its core technology is a data-driven system that personalizes functions to user behavior, utilizing patented and EPA-approved Sterionizer and Ray Filter technologies, alongside. The company serves global corporations, hospitals, universities, and governments across more than 44 countries, operating within the Industrial Technologies sector, with applications in smart home, healthcare, and commercial real estate.

Strategic signal

In February 2023, Aura Smart Air was acquired by competitor Molekule, following a significant decline in its market valuation since its TASE IPO. This acquisition signals a strategic consolidation within the smart air purification market, indicating potential challenges for smaller public entities and a move towards larger players absorbing innovative technologies.

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Company Intelligence Q&A

What is Aura Smart Air's primary offering?
Aura Smart Air provides a smart air-quality platform that cleanses and disinfects indoor air while monitoring its quality in real time, personalizing its functions to user behavior.
When did Aura Smart Air go public?
Aura Smart Air went public on the TASE in May 2021.
What was a significant corporate development for Aura Smart Air?
In February 2023, Aura Smart Air was acquired by competitor Molekule, after experiencing a substantial decrease in its market valuation.
Did Aura Smart Air receive any grants?
In May 2020, Aura Smart Air secured a grant from the Israel Innovation Authority.
Has Aura Smart Air formed any notable partnerships?
In October 2021, Aura Air partnered with BHP to provide smart air purification systems to mining facilities in Chile.
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