iRobot Corporation (IRBT)

iRobot says that customer service and app functionality won't be disrupted despite the restructuring.

Roomba's parent company, iRobot, said it has filed for Chapter 11 bankruptcy. The vacuum cleaner manufacturer will be acquired by its main lender, Picea.

There's something painfully American about the arc of iRobot, the company that taught your vacuum to navigate around the furniture. Founded in 1990 in Bedford, Massachusetts by MIT roboticist Rodney Brooks and his former students Colin Angle and Helen Greiner, the company filed for Chapter 11 bankruptcy on Sunday, ending a 35-year run that took it from the dreams of AI researchers to your kitchen floor and, finally, to the tender mercies of its Chinese supplier.

Roomba maker iRobot filed for Chapter 11 bankruptcy Sunday and will turn over its business to a pair of Chinese companies and go private, capping a years-long fall from grace.

iRobot said on Sunday that it has started a pre-packaged Chapter 11 bankruptcy process in the district of Delaware.

Company's secured lender and key supplier, Picea, to acquire iRobot through court-supervised chapter 11 process Positions iRobot to continue delivering trusted robotics and smart home devices to consumers worldwide BEDFORD, Mass. , Dec. 14, 2025 /PRNewswire/ -- iRobot Corporation (NASDAQ: IRBT) ("iRobot" or the "Company"), a leader in consumer robots, today announced that it entered into a Restructuring Support Agreement (the "RSA") with its secured lender and its primary contract manufacturer, Shenzhen PICEA Robotics Co., Ltd.

Trump claims he has restored ties with Elon Musk, signaling a thaw in their relationship after earlier conflicts, sparking attention in the tech and political world. Conservative advocacy groups, including Steve Bannon, urge Trump administration to stop Big Tech from using copyrighted content for AI training without permission.

Benzinga examined the prospects for many investors' favorite stocks over the last week - here's a look at some of our top stories.

Policymakers are determined to drive productivity through AI and robotics. Although many investors are hyper-focused on LLMs, they would be wise to shift some attention to the coming robotics revolution.

Nauticus Robotics jumps 16.67% in after-hours trading following reports of a Trump administration robotics initiative.

BEDFORD, Mass. , Nov. 6, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the third quarter ended September 27, 2025.

The future of the 35-year-old company behind the Roomba is uncertain. iRobot has warned that it is running out of options and cash.

iRobot warned in a securities filing that its search for a buyer has hit a substantial roadblock after negotiations fell apart with its last remaining bidder. The Roomba maker's financial condition has darkened after Amazon abandoned its planned acquisition of the company in 2024.

Tesla (TSLA) earnings were mixed, with margin pressure and near-term uncertainty, but revenue beat expectations and investors remain in wait-and-see mode. GM surged 15% after beating earnings and raising guidance, as tariff impacts were less severe and market share reached a multi-year high.

Tesla, Inc. faces short-term EV headwinds, with record Q3 deliveries likely an anomaly amid increased competition and waning incentives. Most of TSLA's “mind-share” is focused on getting its Optimus robots into mass production. TSLA has a unique combination of core competencies that'll make it a formidable force in robots.