iRobot

iRobot

Designs and manufactures consumer cleaning robots

About iRobot

Simplify's Rating
Why iRobot is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Robotics & Automation

Consumer Goods

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Atlantic City, New Jersey

Founded

1990

Overview

iRobot designs and builds intelligent home robots, with a focus on making home maintenance easier and healthier. The company is best known for its Roomba robot vacuum, which was first introduced in 2002 and has sold millions worldwide. iRobot's products utilize advanced cleaning, mapping, and navigation technologies to efficiently maintain homes. Unlike many competitors, iRobot emphasizes inclusiveness and equality in its workplace, ensuring a respectful environment for all employees. The company's goal is to provide effective home solutions while promoting social justice and accommodating individuals with disabilities.

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Simplify's Take

What believers are saying

  • Lidar tech in budget models attracts cost-conscious consumers seeking advanced features.
  • SmartScrub technology appeals to tech-savvy users, enhancing cleaning efficiency.
  • New Roomba models with self-compacting bins reduce maintenance, increasing customer satisfaction.

What critics are saying

  • Increased competition may erode iRobot's market share in smart home technology.
  • Leadership changes post-Amazon merger failure could lead to strategic misalignment.
  • Recent layoffs may impact employee morale, affecting innovation and productivity.

What makes iRobot unique

  • iRobot integrates lidar tech in entry-level models, enhancing smart mapping capabilities.
  • SmartScrub technology in premium models boosts cleaning efficiency and user satisfaction.
  • iRobot's 2-in-1 vacuums and mops offer advanced features for comprehensive home cleaning.

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Funding

Total Funding

$29.2M

Above

Industry Average

Funded Over

3 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Health, dental, & vision coverage

HSA & FSA

401(k) contributions

Employee Stock Purchase Plan

Life & disability insurance

Generous time off

Great discounts

iRobot product discounts

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 1%

2 year growth

↑ 1%
Komando
Mar 14th, 2025
iRobot is launching eight new vacuums

iRobot is launching eight new vacuums: for the first time, they're adding lidar tech for smart mapping to entry-level models.

Merger Arbitrage Limited
Mar 12th, 2025
iRobot Appoints Neal P. Goldman to Board of Directors

iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced the addition of Neal P. Goldman as an independent director to its Board of Directors, effective immediately, expanding the size of the Board to nine directors, eight of whom are independent.

Mesh Republic
Mar 11th, 2025
iRobot Launches New Roomba Models With Smart Features and a Self-Compacting Bin

iRobot has introduced SmartScrub technology in its premium models.

Merger Arbitrage Limited
Mar 11th, 2025
iRobot Introduces Suite of Innovative ROOMBA(R) Floor Cleaning Robots

iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced the availability of a suite of new technologically-innovative Roomba(R) vacuums and 2-in-1 vacuums and mops with advanced features, ranging from debris-compacting systems to extending and retractable dual-spinning mop pads that tackle stubborn messes.

The Politician
Mar 11th, 2025
iRobot just launched four new Roomba models to reimagine its entire product line

iRobot just launched four new roomba models to reimagine its entire product line.

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