iRobot

iRobot is an American technology company founded in 1990 by three MIT roboticists, initially focusing on defense and space technology. It gained global fame in 2002 with the launch of Roomba, a revolutionary robotic vacuum cleaner that has since captured a significant share of the market, holding around 42% in the U.S. and 65% in Japan. Despite its early success, the company has faced increasing competition, particularly from cheaper manufacturers, leading to significant financial challenges. As of 2023, iRobot has filed for Chapter 11 bankruptcy protection due to mounting debts and operational pressures, notably from tariffs affecting its production costs.