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On Sunday evening, legendary robotics company iRobot, manufacturer of the Roomba robotic vacuum, filed for bankruptcy. The company will be handing over all of its assets to its Chinese manufacturing partner, Picea. According to iRobot’s press release, “this agreement represents a critical step toward strengthening iRobot’s financial foundation and positioning the Company for long-term growth and innovation,” which sounds like the sort of thing that you put in a press release when you’re trying…
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On Sunday evening, legendary robotics company iRobot, manufacturer of the Roomba robotic vacuum, filed for bankruptcy. The company will be handing over all of its assets to its Chinese manufacturing partner, Picea. According to iRobot’s press release, “this agreement represents a critical step toward strengthening iRobot’s financial foundation and positioning the Company for long-term growth and innovation,” which sounds like the sort of thing that you put in a press release when you’re trying…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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