iRobot (IRBT.O), the maker of the Roomba vacuum cleaner, has filed for bankruptcy protection, saying that it would go private after being bought by Picea Robotics, its primary manufacturer.
The company, which raised concerns about staying in business in March, filed for Chapter 11 protection in Delaware bankruptcy court as it grapples with increased competition from lower-priced rivals and new US tariffs.
iRobot generated about $682 million in total revenue
