I Literally Just Got a Roomba — Will It Still Work Now iRobot's Gone Bankrupt?
iRobot entered bankruptcy amid rising competition and will be acquired by Picea, a major contract manufacturer of over 20 million robot vacuums since 2016.
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8 Articles
How Antitrust Enforcers Helped Kill an American Innovator
Recently, iRobot—the Massachusetts-based company that pioneered the robot vacuum—announced that it is filing for Chapter 11 bankruptcy. Soon, it will be acquired by its Chinese manufacturer and lender, Picea Robotics. A once-iconic American technology company is becoming fully Chinese-owned. This outcome was not accidental. It is the predictable result of ill-conceived antitrust intervention by US and European regulators who blocked Amazon’s acq…
iRobot, the US company that makes the world-famous Roomba robot vacuum cleaner, has filed for bankruptcy protection. Under the plan, the company, along with its debts, is to be taken over by Pecea Robotics, a Chinese company that also develops and manufactures robot vacuum cleaners.
iRobot Files for Bankruptcy, Acquired by Chinese Firm Picea Robotics
The Downfall of a Robotics Pioneer: How Financial Maneuvers Doomed iRobot In the annals of consumer technology, few inventions have captured the imagination quite like the Roomba, the autonomous vacuum cleaner that promised to liberate households from the drudgery of daily cleaning. Launched by iRobot in 2002, the device quickly became a symbol of futuristic convenience, spawning an entire category of smart home gadgets. Yet, this week, iRobot f…
iRobot, the American pioneer, is now under the control of the Chinese company Picea. The immediate question is: will your Roomba stop working? We interviewed Gary Cohen, the CEO of iRobot. [Read more] Subscribe to Frandroid on Google so you don't miss any articles!
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