Amazon is shopping for iRobot for $1.7B – TechCrunch


Amazon this morning introduced plans to accumulate iRobot for an all-cash deal valued at $1.7 billion. The house robotics agency, finest identified for pioneering the robotic vacuum, was based in 1990 by  MIT Synthetic Intelligence Lab members Colin Angle, Rodney Brooks and Helen Greiner. Twelve years after its founding, the corporate launched the Roomba, a model that has since turn out to be synonymous with the branding, promoting greater than 30 million items as of 2020.

Brooks and Greiner have gone on to discovered and lead a number of different corporations, whereas Angle has remained on-board as CEO — a place he’ll keep post-acquisition.

“Since we began iRobot, our crew has been on a mission to create progressive, sensible merchandise that make prospects’ lives simpler, resulting in innovations just like the Roomba and iRobot OS,” CEO Colin Angle mentioned in a launch. “Amazon shares our ardour for constructing considerate improvements that empower individuals to do extra at house, and I can not consider a greater place for our crew to proceed our mission. I’m vastly excited to be part of Amazon and to see what we are able to construct collectively for patrons within the years forward.”

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