Aura Smart Air

Indoor-air Management System

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

Company Overview

Snapshot

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

Business overview

Aura Smart Air develops a smart air-quality platform that monitors, cleanses, and disinfects indoor air by personalizing its functions to user behavior. The device utilizes patented and EPA-approved Sterionizer and Ray Filter technologies to target and eliminate bacteria, viruses, fungus, mold, and odors. Operating in over 44 countries, Aura Smart Air serves global corporations, hospitals, universities, and governments, positioning itself within the Industrial Technologies sector, with applications in Consumer Electronics, Smart Home, and Healthcare.

Strategic signal

In February 2023, Aura Smart Air was reportedly sold at a fraction of its TASE IPO valuation and subsequently acquired by competitor Molekule. This development signals a significant strategic shift and potential challenges in maintaining market position or achieving anticipated growth post-IPO, prompting investors to assess the company's long-term viability and competitive landscape.

Company Intelligence Q&A

What is Aura Smart Air's primary business?
Aura Smart Air develops a smart air-quality platform that cleanses and disinfects indoor air while monitoring its quality in real time, personalizing 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 recent development for Aura Smart Air?
In February 2023, Aura Smart Air was acquired by competitor Molekule, following reports that it was sold at a fraction of its TASE IPO valuation.
Has Aura Smart Air received any grants?
In May 2020, Aura Smart Air secured a grant from the Israel Innovation Authority.
What was a notable partnership for Aura Smart Air in 2021?
In October 2021, Aura Smart Air partnered with BHP to provide smart air purification systems to mining facilities in Chile.

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