Roomba Robot Vacuums Face a Shakeup as iRobot Files for Bankruptcy

Two decades after it ignited a market for robot vacuums in homes, iRobot has filed for Chapter 11 bankruptcy protection. The company, best known for its Roomba robot vacuums, entered the filing late Sunday night after months of warning signs and financial pressure.Under the proposed restructuring, iRobot will be acquired by its primary manufacturing partner, China-based Shenzhen Picea Robotics.The company said it will continue to offer robots and smart home devices to consumers.Massachusetts-based iRobot, w ...