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iRobot Corporation is a United States–based company operating in the technology sector, within the consumer robotics industry. The company specializes in designing, manufacturing and marketing home-automation robots focused on cleaning functions and smart-home integration.
It was founded in 1990 by Rodney Brooks, Colin Angle and Helen Greiner, driven by advancements in academic robotics and the opportunity to bring autonomous technologies into everyday consumer products.
iRobot’s portfolio includes Roomba robotic vacuum cleaners, Braava floor-mopping robots, home-mapping technologies, intelligent navigation systems, mobile applications, voice-assistant integrations and software features based on adaptive learning.
The company also invests in research and development to enhance automation, spatial perception and connected-home functionalities.
The company operates globally, with presence across North America, Europe, Asia and additional international markets through retail partners, e-commerce channels and authorized distributors.
Its operational structure includes robotics engineering, hardware design, software development, applied artificial intelligence, testing facilities, outsourced manufacturing and customer-support operations.
Market factors affecting the company include the global demand for home automation, competition within consumer electronics, advances in artificial intelligence, production costs, device-replacement cycles, international logistics and macroeconomic sensitivity within discretionary consumer spending.
iRobot Corporation is listed on the Nasdaq under the ticker IRBT.
History and when iRobot Corporation was founded
iRobot Corporation was founded in 1990 in Massachusetts by three MIT researchers — Rodney Brooks, Colin Angle and Helen Greiner — with the goal of transforming robotics research into practical applications for consumers and institutional use.
In its early years, the company developed robots for exploration, military use and industrial applications. In 2002, the company launched the Roomba robotic vacuum cleaner, which became its flagship product and established iRobot as a global leader in home automation.
Throughout the 2000s and 2010s, the company expanded its product family, advanced navigation technologies, introduced intelligent mapping features and broadened its international footprint.
From 2016 onward, iRobot increased investments in artificial intelligence, connectivity and smart-home platforms.
Between 2020 and 2024, the company refined its strategy amid rising global competition, strengthened software-driven customization features and advanced integration with digital home ecosystems, maintaining its focus on autonomous home-automation solutions.
Additional Information
The Company iRobot Corporation (United States), is listed on Nasdaq with a market cap of $ 129.15 Millions, having an equity of $ -26.89 Millions.
With a total of 1.128 employees, the company is listed in the sector of Consumer Cyclical and categorized in industry of Appliances and Tools.
In the last 12 months the Company had a revenue of $ 547.00 Millions, which generated a loss in the amount of $ -208.72 Millions.
As for its main indicators, the Company has a P/E ratio of -0.62, a P/BV ratio of -4.80 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker IRBT.
