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iRobot

#9014

Rank

$99.85M

Marketcap

US United States

Country

iRobot
Leadership team

Mr. Colin M. Angle (Founder, Chairman & CEO)

Ms. Julie Zeiler (Exec. VP & CFO)

Mr. Glen D. Weinstein (Exec. VP, Chief Legal Officer & Sec.)

Products/ Services
Artificial Intelligence, Hardware, Machine Learning, Robotics
Number of Employees
1,000 - 20,000
Headquarters
Bedford, Massachusetts, United States
Established
1990
Company Registration
SEC CIK number: 0001159167
Revenue
Above - 1B
Traded as
IRBT
Social Media
Overview
Location
Summary
iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services. It also provides H1 Handheld Vacuum, a portable vacuum; H1 Handheld Vacuum accessories comprising filters, chargers, batteries, and an extension kit that converts the H1 Handheld Vacuum into a stick vacuum; air purifiers under the Aeris brand; Root robots to help children learn how to code; and Create 2, a mobile robot platform that offers an opportunity for educators, developers, and high-school and college students to program behaviors, sounds, movements, and add additional electronics, as well as sells filters and fabric covers. The company sells its products through chain stores and other national retailers, distributors, and resellers, as well as through its website and app, and e-commerce websites. iRobot Corporation was incorporated in 1990 and is headquartered in Bedford, Massachusetts.
History

iRobot was founded in 1990 by Rodney Brooks, Colin Angle, and Helen Greiner after working in MIT's Artificial Intelligence Lab.

In 1998, the company received a DARPA research contract which led to the development of the PackBot.

In September 2002, iRobot unveiled its home robots flagship, the Roomba, which sold a million units by 2004.

iRobot began being traded on the NASDAQ in November 2005, under ticker symbol IRBT.

On September 17, 2012, iRobot announced that it had acquired Evolution Robotics, manufacturer of automated floor mopper Mint.iRobot has sold more than 30 million home robots, and has deployed more than 5,000 defense & security robots, as of 2020.In addition to deployment as bomb-disposal units with the US military in Iraq and Afghanistan, PackBots have been used to gather data in dangerous conditions at the Fukushima Daiichi nuclear disaster site, and an iRobot Seaglider detected underwater pools of oil after the Deepwater Horizon oil spill.iRobot has been criticized for attempting unregulated use of 6240-6740 MHz band, and asking for an FCC exemption to do so. This band is for use for the lawn mowing robot without needing to use an electronic fence as a boundary marker, instead by using radio beacons. The band falls into a band reserved for radio astronomy use, thus interfering with radio telescope observations of methanol's 6.66852 GHz emissions.In February 2016, iRobot announced that it would sell its military robotics business to Arlington Capital Partners, in order to focus more on the consumer market.In November 2021, iRobot announced that it had acquired Aeris Cleantec AG, a Swiss air purifier manufacturer. iRobot began selling Aeris-designed air purifiers through its own brand in 2022.In August 2022, Amazon agreed to buy iRobot in an all-cash deal worth $1.7 billion. The deal is expected to draw antitrust scrutiny from the FTC.

Mission
Our mission is to enrich the lives of people by creating life-changing robots and experiences. We will continue to push the boundaries of technology, bringing revolutionary ideas to life so that robots can help people do more.
Vision
Our vision is to become the world's leading robotics technology platform, creating robots that can serve people in all aspects of their lives - from cleaning and security, to attending to their health, leisure, and entertainment needs.
Key Team

Mr. Jean Jacques Blanc (Exec. VP & Chief Commercial Officer)

Mr. Faris Habbaba (Exec. VP and Chief R&D Officer)

Ms. Karian Wong (Principal Accounting Officer)

Mr. Russell J. Campanello (Exec. VP of HR & Corp. Communications)

Dr. Chris Jones Ph.D. (Chief Technology Officer)

Mr. Andrew M. Kramer (VP of Investor Relations)

Ms. Alison Dean (Advisor)

Recognition and Awards
iRobot has earned numerous awards for their home robots, including the Consumer Electronics Show Innovation Award, the Webby Award for Lifestyle and Personal Robotics, and the Edison Award for Robotics. The company's industrial robots have also won numerous awards, including ENGINEERING.com's Robotics Excellence Award, and the R&D Magazine Innovator of the Year Award.
References

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iRobot
Leadership team

Mr. Colin M. Angle (Founder, Chairman & CEO)

Ms. Julie Zeiler (Exec. VP & CFO)

Mr. Glen D. Weinstein (Exec. VP, Chief Legal Officer & Sec.)

Products/ Services
Artificial Intelligence, Hardware, Machine Learning, Robotics
Number of Employees
1,000 - 20,000
Headquarters
Bedford, Massachusetts, United States
Established
1990
Company Registration
SEC CIK number: 0001159167
Revenue
Above - 1B
Traded as
IRBT
Social Media