Roomba maker iRobot goes bankrupt and goes private
Sad! They’ve basically been overtaken on the inside by better and cheaper robots. I have the newest iRobot Roomba in the house, and it’s so much worse than my 2-year-old Roborock from China. Sad, but true!
TL;DR
Roomba maker iRobot has filed for bankruptcy after 35 years and plans to go private. The robot vacuum pioneer hit the wall as business pressures finally caught up.
Summary
iRobot, the maker of Roomba robot vacuums, has filed for bankruptcy after 35 years and plans to go private. The move marks a major shift for the company as it seeks to restructure its business. The filing underscores the financial challenges facing the longtime consumer robotics brand.
