Amazon this morning announced plans acquire iRobot in a $1.7 billion cash deal. The home robotics firm, best known for its developments in the robotic vacuum cleaner, was founded in 1990 by members of the MIT Artificial Intelligence Laboratory, Colin Angle, Rodney Brooks, and Helen Greiner. Twelve years after its founding, the company introduced Roomba, a brand that has since become synonymous with branding, with over 30 million units sold as of 2020.
Brooks and Grainer founded and led several other companies, while Angle remained on board as CEO, a position he will retain after the acquisition.
“Since we launched iRobot, our team has been on a mission to create innovative, practical products that make life easier for customers, which has led to inventions like Roomba and the iRobot OS,” CEO Colin Engle said in a press release. . “Amazon shares our passion for creating thoughtful innovations that empower people to do more at home, and I can’t think of a better place for our team to continue our mission. I’m thrilled to be part of Amazon and see what we can create together for customers in the coming years.”
Credit: techcrunch.com /