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Robotic Vacuums

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iRobot Files for Bankruptcy and Plans to Go Private

Originally Published 27 days ago — by AP News

Featured image for iRobot Files for Bankruptcy and Plans to Go Private
Source: 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.