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iRobot

iRobot Corporation is the consumer robotics pioneer best known for the Roomba, the category-defining robotic vacuum cleaner. Founded in 1990 by MIT roboticists Colin Angle, Helen Greiner, and Rodney Brooks, iRobot initially built defense and research robots (including the PackBot) before spinning those businesses out and focusing exclusively on home robots. The Roomba launched in 2002 and the Braava robotic mop followed a decade later. iRobot has had a turbulent few years. Amazon announced a USD 1.7B acquisition in August 2022, but the deal was terminated on January 29, 2024 after the European Commission signaled it would not clear the transaction. Days later, co-founder Colin Angle stepped down as CEO and the company cut roughly 31% of its workforce (around 350 roles). Revenue continued to decline through 2024 and 2025 under CEO Gary Cohen, and in December 2025 iRobot filed for Chapter 11 bankruptcy, with a plan to be taken private by its main contract manufacturer and lender, Shenzhen PICEA Robotics. The company remains publicly listed on NASDAQ under the ticker IRBT while the restructuring proceeds, and continues to sell Roomba and Braava products globally.
iRobot's trajectory is the cautionary tale of the home robotics sector: the company that invented mass-market consumer robots is being absorbed by its Chinese manufacturing partner after Western antitrust blocked the Amazon lifeline, reshaping the competitive landscape for Matic, Roborock, and Ecovacs.
irobot.com Home RoboticsUnited States flagUnited Statesacquired

At a glance

Total raised
Undisclosed
no public funding on record
Headcount
201-500
approximate · public range
Headquarters
Bedford, Massachusetts
United States flagUnited States
Founded
1990
36 years active
Status
Acquired
by Shenzhen Picea Robotics
Patents on file
84
USPTO grants
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