How iRobot Lost Its Market Dominance Despite Leading the Robot Vacuum Industry?

iRobot has entered bankruptcy after struggling for years to keep up in a fast changing market. The company filed for Chapter 11 in the US on December 14, saying it has reached a deal that will hand over control to its main supplier and lender, Shenzhen PICEA Robotics, along with Santrum Hong Kong.

Statement from iRobot on Bankruptcy