iRobot Files for Bankruptcy and Transfers Control to Picea Robotics
iRobot, the company behind the Roomba robot vacuum, has filed for bankruptcy and will transfer control to its Chinese manufacturing partner, Picea Robotics. Despite the enduring popularity of its Roomba brand, the company's collapse marks a significant shift in the home robotics market.
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Topics: bankruptcy consumer_electronics corporate_takeover robotics smart_home