Monday, 15 December, 2025
iRobot Files Bankruptcy: Failed Amazon Deal and Competition Led to Picea Buyout
Roomba-maker iRobot has filed for pre-packaged Chapter 11 bankruptcy and will be acquired by its contract manufacturer, Shenzhen PICEA Robotics. The analysis details the company's slow decline, which intensified after the 2024 Amazon acquisition failed and amid rising pressure from Chinese competitors.
Read full story at TechCrunch