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Colin Angle, co-founder and former CEO of iRobot
, on Monday said the company’s move to declare bankruptcy was “profoundly disappointing” and “nothing short of a tragedy for consumers.”
The robotic vacuum pioneer announced Sunday that it filed for bankruptcy and will be taken private by Shenzhen Picea Robotics, a lender and key supplier, following years of financial struggles.
“Today’s outcome is profoundly disappointing — and it was avoidable,” Angle told CNBC in a statement. “This is nothing short of a tragedy for consumers, the robotics industry, and America’s innovation economy.”
