iRobot Corporation (IRBT) Sector
Consumer Discretionary

(Current) $8.16
0.51 (6.67%) Open Price: 7.61

 

iRobot Corporation is a leading global consumer robotics company that designs and manufactures advanced robots for both home and commercial use. The company was founded in 1990 by three MIT roboticists: Colin Angle, Helen Greiner, and Rodney Brooks. It is headquartered in Bedford, Massachusetts, United States.

 

iRobot is best known for its popular line of home cleaning robots, including the Roomba robotic vacuum cleaner and the Braava robotic mop. These robots utilize advanced sensors, algorithms, and navigation technologies to autonomously clean floors, efficiently navigating around furniture and obstacles. The company's products have revolutionized the way people clean their homes, providing convenience and time savings.

 

Apart from home cleaning robots, iRobot also offers other robotic solutions for various applications. They have a line of robots designed for defense and security purposes, including the PackBot and the FirstLook robots, which are used by military and law enforcement agencies. Additionally, iRobot provides educational robots like the Root coding robot, which helps children learn programming and computational thinking skills.

 

iRobot Corporation went public in 2005, listing its shares on the NASDAQ stock exchange under the ticker symbol "IRBT." The IPO marked a significant milestone for the company and allowed it to raise capital to further invest in research and development, expand its product offerings, and strengthen its market presence.

 

 

 

(11/29/24) $7.61
(12/03/24) $7.65
(12/03/24) (Qty.)1,242,494
(11/29/24) $7.04
(11/29/24) $7.79
(11/10/24) $6.07
(11/24/24) $7.79
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