Colin Angle Discusses iRobot's Bankruptcy and New Robotics Venture
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Colin Angle, co-founder of iRobot, discussed the company's recent Chapter 11 bankruptcy, which marked the end of an era for the robotics firm. He highlighted regulatory pressures that ultimately derailed a significant deal with Amazon, emphasizing that these pressures have reshaped the competitive landscape, presenting new challenges from fast-following competitors, particularly from China.
In light of these challenges, Angle has embarked on a new robotics venture, signaling ongoing innovation within the sector despite the setbacks faced by iRobot, as reported by Connie Loizos in TechCrunch.