iRobot, the company behind the Roomba robot vacuums, is in the process of becoming fully owned by Shenzhen PICEA Robotics, its longtime Chinese manufacturing partner, through a Chapter 11 bankruptcy restructuring expected to complete in early 2026.

Who owns iRobot now?

  • iRobot has filed for Chapter 11 bankruptcy and entered a Restructuring Support Agreement in which Shenzhen PICEA Robotics (often shortened to Picea) will take 100% of the company’s equity.
  • During the court‑supervised process, iRobot continues to operate, but effective control and future ownership are slated to move to Picea once the restructuring closes, anticipated by around February 2026.

From Amazon bid to Picea deal

  • Amazon previously attempted to acquire iRobot in a deal valued at about 1.4 billion dollars, but regulators in Europe pushed back, and the transaction was ultimately dropped in 2024.
  • After the Amazon deal collapsed, iRobot’s finances deteriorated: it cut a significant portion of its workforce, struggled with debt, and eventually defaulted on obligations to Picea, which then acquired that debt position and became the logical buyer in bankruptcy.

What changes under Picea?

  • iRobot is expected to be taken private, meaning its shares will be delisted and existing investors will likely see their stock canceled as the company leaves public markets.
  • The restructuring aims to reduce iRobot’s debt, keep Roomba and other products in production, and stabilize operations under Picea’s ownership while shifting the company’s identity from a long‑time American tech brand to a Chinese‑owned robotics maker.

Information gathered from public forums or data available on the internet and portrayed here.