Roomba Maker IRobot Files for Bankruptcy, to Be Acquired by Lender Picea

Robot vacuum maker’s bankruptcy follows slumping sales and a failed Amazon takeover.
Roomba Maker IRobot Files for Bankruptcy, to Be Acquired by Lender Picea
Roomba robot vacuums made by iRobot are displayed on a shelf at a Bed Bath and Beyond store in Larkspur, Calif., on Aug. 5, 2022. Justin Sullivan/Getty Images
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iRobot, the Massachusetts-based company best known for its Roomba robotic vacuum cleaners, filed for bankruptcy protection on Dec. 14.

The company said on Dec. 14 that it had entered into an agreement to be acquired by its secured lender and primary manufacturer, Picea Robotics, through a court-supervised process. The transaction would take iRobot private and end the listing of its shares on the Nasdaq.

Evgenia Filimianova
Evgenia Filimianova
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Evgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.