iRobot

Designs and manufactures consumer cleaning robots

Atlantic City, New Jersey, United States

About iRobot

iRobot designs and builds intelligent robots for home use, with a focus on making household 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 clean homes. Unlike many competitors, iRobot emphasizes a commitment to social justice and inclusiveness in its workplace, ensuring a respectful environment for all employees. The company's goal is to provide effective home maintenance solutions while promoting equality and accessibility in its hiring practices.

Atlantic City, New JerseyHeadquarters
1990Year Founded
$29.2MTotal Funding
IPOCompany Stage
Robotics & Automation, Consumer GoodsIndustries
1,001-5,000Employees

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

Risks

Co-founder Colin Angle's new startup could increase competition and talent drain.
Failure of Amazon's acquisition plan may hinder strategic growth opportunities.
Recent layoffs indicate potential financial instability and affect employee morale.

Differentiation

iRobot pioneered consumer robots with the Roomba, setting industry standards since 2002.
The company integrates advanced mapping and navigation in its cleaning technologies.
iRobot emphasizes inclusiveness and equality, fostering a respectful work environment.

Upsides

Increased interest in smart home ecosystems boosts demand for iRobot's advanced products.
Self-emptying and powerful vacuums align with consumer preferences for convenience.
Growing home automation market offers expansion opportunities for iRobot's product offerings.

Funding

Total raised$29.18 M
Latest valuation$1.70 B
StageIPO