iRobot, the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday, saying that it would go private after being bought by Picea Robotics, its primary manufacturer. The company, ...

iRobot warned in a securities filing that its search for a buyer has hit a substantial roadblock after negotiations fell apart with its last remaining bidder. The Roomba maker's financial condition ...

Roomba maker iRobot filed for Chapter 11 bankruptcy protection on Sunday and said the robotic vacuum cleaner would sell itself to a Chinese contract manufacturer. Shenzhen PICEA Robotics Co., which ...

Every time Natalie publishes a story, you’ll get an alert straight to your inbox! Enter your email By clicking “Sign up”, you agree to receive emails from ...

Founded in 1990 by three M.I.T. researchers, iRobot introduced its vacuum in 2002. Its restructuring will turn the company over to its largest creditor. By Meaghan Tobin and Xinyun Wu Reporting from ...

Back in 2022, Amazon and iRobot announced plans for the e-commerce giant to buy the company. Amazon likely wanted iRobot for two reasons. One is to expand its smart home portfolio with robot vacuums.