Latest Updates Around The World
Within about a week, iRobot, Luminar and Rad Power Bikes all filed for bankruptcy. They’re very different companies (selling Roombas, lidar, and e-bikes, respectively), but as Sean O’Kane, Rebecca Bellan, and I discussed on the Equity podcast episode, they faced some similar challenges, including pricing pressure, big deals that fell through, and an inability to […]
There’s something painfully American about the arc of iRobot, the company that taught your vacuum cleaner to navigate 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 bankruptcy on Sunday, ending a 35-year run that took it from […]
