economy
December 15, 2025
Roomba maker iRobot swept into bankruptcy
Shenzhen-based Picea Robotics, its lender and primary supplier, will acquire all of iRobot’s shares.
TL;DR
- iRobot has filed for Chapter 11 bankruptcy in Delaware.
- Shenzhen-based Picea Robotics will acquire all of iRobot's shares.
- The deal follows the termination of a proposed $1.5 billion acquisition by Amazon due to EU regulatory concerns.
- iRobot faced increased competition from cheaper Chinese rivals.
- Founded in 1990, iRobot sold over 40 million devices.
- Picea Robotics had previously acquired iRobot's remaining debt from Carlyle.
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