Amazon is buying iRobot for $1.7B

Amazon this morning announced plans to acquire iRobot for an all-cash deal valued at $1.7 billion.

The home robotics firm, best known for pioneering the robotic vacuum, was founded in 1990 by  MIT Artificial Intelligence Lab members Colin Angle, Rodney Brooks and Helen Greiner.

Twelve years after its founding, the company introduced the Roomba, a brand that has since become synonymous with the branding, selling more than 30 million units as of 2020.

Twelve years after its founding, the company introduced the Roomba, a brand that has since become synonymous with the branding, selling more than 30 million units as of 2020.