Company's secured lender and key supplier, Picea, to acquire iRobot through court-supervised chapter 11 process.
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.
Robot , the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday, saying that it would go private ...
The company that pioneered the US robot vacuum market is no longer setting the pace in it. Here's what's to come.
Robot, which introduced the Roomba vacuum cleaner in 2002, vows to continue supporting its products despite Chapter 11 filing.
The fall from grace is now legally binding: iRobot has finally filed for bankruptcy after years of tanking revenue. Current ...
She blocked Amazon’s takeover, and now the Chinese will own it.
The best-known manufacturer of autonomous vacuums declared bankruptcy this week, and no one should be surprised.
Robot just declared chapter 11 bankruptcy. And though it’s being bought out, it’s hard to tell what that means for Roomba ...
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to ...
From disaster zones, to oil spills, to the Great Pyramids of Giza, iRobot has taken its robot everywhere in its 35 years.
The iRobot founder opens up about the 18-month regulatory process that he says doomed the Roomba maker -- and what it means ...