Source: Business Insider
“The parent company of Roomba, which has sold millions of cleaning robots, filed for Chapter 11 bankruptcy on Sunday after 35 years of operation. In a Sunday press release, Massachusetts-based robotics company iRobot said it had filed for bankruptcy protection in the District of Delaware court. The company said that it would be wholly acquired by its main manufacturer and lender, vacuum cleaner maker Shenzhen PICEA. … iRobot went through a failed acquisition attempt by Amazon. In 2022, Amazon announced that it would buy iRobot for $1.7 billion, but pulled the deal in January 2024, citing regulatory hurdles in the US and Europe.” (12/14/25)