iRobot Corporation

iRobot is a leading global consumer robot company that designs and builds robots to empower people. The company has over 30 years of artificial intelligence ("AI") and advanced robotics experience, focusing on building thoughtful robots and developing intelligent home innovations. iRobot's portfolio includes home robots and smart home devices featuring proprietary technologies for the connected home and advanced concepts in cleaning, mapping, and navigation. Since its founding in 1990, iRobot has developed expertise in designing, building, selling, and supporting durable, high-performance robots through the integration of software, electronics, and hardware. Following the introduction of the Roomba robotic vacuum cleaner ("RVC") in 2002, the company has sold over 50 million consumer robots worldwide. iRobot is a global, market-leading consumer robotics innovator with a strong presence in major geographic regions worldwide. In recent years, the company has experienced increased competition and conceded some market share in the robotic floorcare segment. In 2024, iRobot began a transformation journey, initiating and largely completing an operational restructuring plan to align its cost structure with near-term revenue expectations for improved profitability.