Roomba maker iRobot goes bankrupt

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iRobot, the maker of Roomba vacuums, has filed for bankruptcy, with its restructuring plan transferring control to its largest creditor, a Chinese supplier. Founded in 1990 by three researchers from M.I.T., iRobot gained prominence with the introduction of its vacuum in 2002.

iRobot, the pioneer in robotic vacuum technology, has filed for bankruptcy and plans to transfer control to its main Chinese supplier, Shenzhen PICEA Robotics. This restructuring follows significant financial challenges faced by the company after 35 years of operation, marked by a drastic decline in revenue and share prices.

iRobot, the pioneer of the robotic vacuum market, has filed for bankruptcy after 35 years in operation, marking a significant shift in the home automation landscape. This decision comes amid ongoing financial struggles and reflects the company's inability to maintain its competitive edge in a rapidly evolving market.

iRobot, the renowned maker of Roomba robotic vacuums, has filed for bankruptcy, leading to a restructuring plan that will see its shares acquired by Shenzhen-based Picea Robotics, its primary supplier and lender. This significant financial distress marks a pivotal moment for the company, which has been a leader in home automation since its founding in 1990 by M.I.T. researchers.

iRobot, the company known for its Roomba robotic vacuums, has filed for bankruptcy after 35 years of operation, citing significant financial challenges and a drastic decline in revenue. The company's shares plummeted from $133 in 2021 to just $1.40 in November 2025, prompting the restructuring process that will transfer control to its largest creditor, a Chinese supplier.

iRobot has filed for bankruptcy, indicating significant financial distress for the company known for its robotic vacuum cleaners. This development raises concerns about the future of its operations and product offerings, as it may lead to a takeover by its primary supplier.