About iRobot
iRobot is a company based in New Bedford (United States) founded in 1990 by Colin Angle and Helen Greiner.. iRobot has raised $13 million across 3 funding rounds from investors including Amazon, Bank of America and Red Mountain Capital Advisors. The company has 541 employees as of December 31, 2024. iRobot has completed 5 acquisitions, including Aeris Health, Evolution Robotics and Robopolis.com. iRobot offers products and services including Roomba Series, Braava jet, AutoWash Dock, and Trade-In Program. iRobot operates in a competitive market with competitors including Wonder Workshop, Swivl, ROYBI, Skriware and Beijing Aiqi Technology, among others.
- Headquarter New Bedford, United States
- Employees 541 as on 31 Dec, 2024
- Founders Colin Angle, Helen Greiner
- Stage Public
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Sectors
TechnologyRetail Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Irobot Corporation
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Annual Revenue
$666.43 M-23.06as on Dec 31, 2024
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Net Profit
$-145.52 M52.24as on Dec 31, 2024
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EBITDA
$-137.61 M40.17as on Dec 31, 2024
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Total Equity Funding
$13 M (USD)
in 3 rounds
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Latest Funding Round
$150 M (USD), Debt – Conventional
Jul 06, 2018
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Investors
Amazon
& 5 more
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Employee Count
541
as on Dec 31, 2024
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Investments & Acquisitions
Aeris Health
& 4 more
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Acquired by
& 1 more
(Jan 01, 2026)
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IPO & Listings of iRobot
iRobot is a publicly listed company on the NASDAQ with ticker symbol IRBT in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of iRobot
iRobot offers a comprehensive portfolio of products and services, including Roomba Series, Braava jet, AutoWash Dock, and Trade-In Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automated robots for efficient floor vacuuming and cleaning
Robotic device for scrubbing and mopping hard floors
Docking station for automatic robot maintenance
Program for exchanging old devices for credits
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Sales and Marketing
38 people
Software Development Team
24 people
Leadership Team
23 people
Product Management Team
14 people
Finance and Accounting
13 people
Sr. Team
8 people
Human Resources and Administration
6 people
Senior Team
5 people
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Funding Insights of iRobot
iRobot has successfully raised a total of $13M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $150 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $150.0M
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First Round
First Round
(30 May 2003)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Debt – Conventional - iRobot | Valuation |
investors |
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| Dec, 2015 | Amount | Post-IPO - iRobot | Valuation |
investors |
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| May, 2003 | Amount | Private Equity Round - iRobot | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iRobot
iRobot has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Amazon, Bank of America and Red Mountain Capital Advisors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking solutions are offered by Red Mountain Capital Advisors.
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Founded Year | Domain | Location | |
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Stage-agnostic investments in US ventures are made by Trident Capital.
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Founded Year | Domain | Location | |
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PE firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iRobot
iRobot has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Aeris Health, Evolution Robotics and Robopolis.com. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Hexagonal robots are developed for classroom coding education.
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2016 | ||||
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Provider of nano anti-microbial air purifiers for home
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2014 | ||||
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Wholesaler of air purifiers
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - iRobot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Irobot Comparisons
Competitors of iRobot
iRobot operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wonder Workshop, Swivl, ROYBI, Skriware and Beijing Aiqi Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Educational toy robots for children's learning are provided.
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| domain | founded_year | HQ Location |
Automated video collaboration tools are offered for education.
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| domain | founded_year | HQ Location |
AI-powered robot for children's education is provided.
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| domain | founded_year | HQ Location |
Provider of 3D printing solutions
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| domain | founded_year | HQ Location |
DIY robotic kits are developed for student STEM education.
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| domain | founded_year | HQ Location |
Robotics, AI, and coding STEM kits and courses are retailed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Irobot
Frequently Asked Questions about iRobot
When was iRobot founded?
iRobot was founded in 1990 and raised its 1st funding round 13 years after it was founded.
Where is iRobot located?
iRobot is headquartered in New Bedford, United States. It is registered at New Bedford, Massachusetts, United States.
Who is the current CEO of iRobot?
Colin Angle is the current CEO of iRobot. They have also founded this company.
Is iRobot a funded company?
iRobot is a funded company, having raised a total of $13M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $13M, raised on May 30, 2003.
How many employees does iRobot have?
As of Dec 31, 2024, the latest employee count at iRobot is 541.
What is the annual revenue of iRobot?
Annual revenue of iRobot is $666.43M as on Dec 31, 2024.
What does iRobot do?
iRobot was founded in 1990 and is headquartered in New Bedford, United States. Operations focus on the consumer robotics sector, where domestic cleaning solutions are developed and distributed. The product range encompasses robot vacuums, mops, smart air purifiers, and handheld vacuum cleaners. Features such as voice controls, multi-surface brushes, and dirt sensors are integrated into these devices to support household cleaning tasks.
Who are the top competitors of iRobot?
iRobot's top competitors include Swivl, Wonder Workshop and ROYBI.
What products or services does iRobot offer?
iRobot offers Roomba Series, Braava jet, AutoWash Dock, and Trade-In Program.
Is iRobot publicly traded?
Yes, iRobot is publicly traded on NASDAQ under the ticker symbol IRBT.
How many acquisitions has iRobot made?
iRobot has made 5 acquisitions, including Aeris Health, Evolution Robotics, and Robopolis.com.
Who are iRobot's investors?
iRobot has 6 investors. Key investors include Amazon, Bank of America, Red Mountain Capital Advisors, Trident Capital, and Fenway Partners.
What is iRobot's ticker symbol?
The ticker symbol of iRobot is IRBT on NASDAQ.