Shenzhen Picea Robotics to Acquire Iconic Vacuum Maker Following Blocked Amazon Deal and Financial Collapse
the staff of the Riidgewood blog
BOSTON, MA – The robot vacuum revolution has hit a major roadblock. iRobot, the pioneering company behind the beloved Roomba vacuum cleaner, has filed for Chapter 11 bankruptcy protection after 35 years of operation.
The filing comes alongside an announcement that the company will be acquired entirely by Shenzhen Picea Robotics and its subsidiary, Santrum Hong Kong, marking a significant shift in ownership for the influential robotics firm.
Continue reading Roomba Creator iRobot Files for Bankruptcy After 35 Years
