All articles tagged with #irobot
Originally Published 26 days ago — by Financial Times
The CEO of iRobot criticized the previous management for being in denial about the company's issues, indicating internal problems that may have affected the company's performance.
Originally Published 27 days ago — by Fortune
An MIT roboticist, Rodney Brooks, criticizes the feasibility of humanoid robots as assistants, dismissing current efforts and investments as 'pure fantasy,' and predicts future robots will look very different from humans, with significant technological and coordination challenges remaining.
Originally Published 28 days ago — by The Verge
iRobot, the creator of the popular Roomba robot vacuum, filed for bankruptcy due to a combination of regulatory challenges, increased competition from Chinese firms, and missed opportunities for innovation, despite its pioneering role in consumer robotics and a vision for smarter home robots. The company's decline highlights the difficulties tech companies face in adapting to market demands and regulatory environments.
Originally Published 28 days ago — by ABC News
iRobot, the maker of Roomba robotic vacuums, has filed for Chapter 11 bankruptcy but plans to remain operational during a restructuring process, which includes being acquired by Picea to strengthen its financial position and ensure continuity for customers and partners.
Originally Published 28 days ago — by NPR
iRobot, the maker of Roomba robot vacuums, has filed for bankruptcy due to financial struggles caused by high debt, tariffs, and stiff competition from foreign rivals, and is being taken over by its Chinese manufacturer Picea Robotics, ensuring continued product support.
Originally Published 28 days ago — by Reuters
iRobot, the maker of Roomba vacuum cleaners, filed for Chapter 11 bankruptcy protection and will be acquired by its primary manufacturer, Picea Robotics, due to increased competition, US tariffs, and financial struggles, with the company’s valuation dropping significantly from its peak in 2021.
Originally Published 28 days ago — by CNET
iRobot, the maker of Roomba robot vacuums, has filed for Chapter 11 bankruptcy and will be acquired by its manufacturing partner, Picea Robotics. Despite the financial troubles, iRobot plans to continue offering its products, but potential buyers should consider the company's uncertain future when making purchasing decisions. The company's long-term viability remains uncertain amid fierce competition and regulatory challenges.
Originally Published 28 days ago — by AP News
iRobot, the maker of Roomba robotic vacuums, has filed for Chapter 11 bankruptcy protection amid financial struggles and a failed acquisition by Amazon. The company is being acquired by Picea through a court-supervised process, which aims to strengthen its financial position and ensure continuity for customers and partners. iRobot expects to complete the restructuring by February with no disruptions to its operations.
Originally Published 29 days ago — by Yahoo Finance UK
iRobot, the maker of Roomba robotic vacuums, filed for Chapter 11 bankruptcy and will be acquired by its Chinese manufacturer Picea Robotics, after facing competition from cheaper rivals and regulatory hurdles that blocked a previous Amazon acquisition attempt.
Originally Published 29 days ago — by Engadget
iRobot, the maker of Roomba robotic vacuums, has filed for Chapter 11 bankruptcy and plans to sell its assets to Chinese supplier Picea Robotics, aiming to continue operations with minimal disruption, though investors may face total losses.
Originally Published 29 days ago — by BBC
iRobot, the US company behind the Roomba vacuum, has filed for bankruptcy due to intense competition from Chinese rivals and increased tariffs, leading to significant financial decline from a $3.56bn valuation in 2021 to around $140m today, though its operations and support are expected to continue unaffected.
Originally Published 29 days ago — by Financial Times
iRobot, the maker of Roomba robotic vacuums, has filed for bankruptcy due to financial difficulties, highlighting challenges faced by the company in the competitive smart home market.
Originally Published 29 days ago — by PR Newswire
iRobot is entering a court-supervised chapter 11 process, with its secured lender and key supplier Picea set to acquire the company, aiming to strengthen its financial position and continue its innovation in robotics and smart home devices.
Originally Published 2 months ago — by TipRanks
iRobot has obtained waivers to prevent a potential financial default, securing its financial stability amid challenges.
Originally Published 3 months ago — by The Verge
A variety of robot vacuums from brands like iRobot, Dreame, and Eufy are available at all-time low prices during Amazon's fall Prime Day event, with discounts up to $750 on models featuring advanced features such as self-emptying, mopping, obstacle detection, and robotic arms, making it a great opportunity to upgrade your cleaning devices before the holidays.