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iRobot just filed for Chapter 11 bankruptcy, following years of declining revenue.
The company was acquired by Picea Robotics, a Chinese robot vacuum manufacturer.
While Roomba users will still be able to use their robot vacuums, the future of the iRobot brand is very different today than what was envisioned years ago.
iRobot has just filed for Chapter 11 bankruptcy, an unsurprising decision after years of declining revenue. For Roomba owners, however, this is more of a restructuring move -- not a shutdown. Picea Robotics, the current manufacturer of Roomba, has struck a deal to acquire iRobot outright, eliminating nearly $350 million in debt.
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