Total amount raised
$230 Million
Latest funding date
07/01/2023
Location
iRobot has successfully raised funding over six rounds, with the latest being a Post-IPO Debt round led by The Carlyle Group. The company is backed by nine investors, including notable names like The Carlyle Group and iD Ventures America.
Keep reading to explore the intricacies of iRobot's fundraising journey and the investors backing this innovative company.
What Is iRobot?
iRobot, headquartered in Bedford, Massachusetts, is a technology company specializing in behavior-based AI robots. The company operates in industries such as Artificial Intelligence, Hardware, Machine Learning, and Robotics. It employs between 251 and 500 people.
Founded by a team of innovators, iRobot has made significant strides in the home robotics industry, particularly with its Roomba and Braava product lines. The company has sold over 50 million robots worldwide and boasts more than 30 years of expertise and innovation.
How Much Funding Has iRobot Raised?
- Post-IPO Debt Round
- Amount Raised: USD 200,000,000
- Date: July 2023
- Lead Investors: The Carlyle Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic growth and expansion initiatives.
- Series Unknown (2004)
- Amount Raised: USD 10,000,000
- Date: November 2004
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and market reach.
- Series Unknown (2003)
- Amount Raised: USD 13,000,000
- Date: May 2003
- Lead Investors: Trident Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and innovation in robotics.
- Series Unknown (2001)
- Amount Raised: USD 7,000,000
- Date: October 2001
- Lead Investors: Fenway Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund research and development efforts.
- Series A (1998)
- Amount Raised: Not publicly disclosed
- Date: November 1998
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and product development.
- Series A (1998)
- Amount Raised: Not publicly disclosed
- Date: February 1998
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's journey in robotics.
Total Amount Raised: USD 230,000,000
Current Valuation: Not publicly disclosed
Key Investors
- The Carlyle Group
- Details: The Carlyle Group is a global investment firm with a focus on private equity, real assets, and private credit. They participated in the Post-IPO Debt funding round for iRobot.
- Investment Focus Areas: Aerospace, defense, healthcare, technology.
- Notable Investments: Booz Allen Hamilton, Dunkin' Brands, Supreme.
- iD Ventures America
- Details: iD Ventures America is a venture capital firm that invests in early-stage technology companies. They are one of the investors backing iRobot.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Not publicly disclosed.
- Trident Capital
- Details: Trident Capital is a venture capital and private equity firm that focuses on investments in software, healthcare, and IT services. They participated in a funding round for iRobot in 2003.
- Investment Focus Areas: Software, healthcare, IT services.
- Notable Investments: Qualys, AlienVault, Blue Coat Systems.
- Fenway Partners
- Details: Fenway Partners is a middle-market private equity firm that invests in branded consumer products and transportation/logistics companies. They participated in a funding round for iRobot in 2001.
- Investment Focus Areas: Consumer products, transportation, logistics.
- Notable Investments: American Achievement Corporation, 1-800 Contacts, Easton-Bell Sports.
What's Next for iRobot?
iRobot's recent $13 million funding round opens up significant opportunities for the company to expand its operations and invest in research and development. This financial boost can help iRobot scale up production, enhance technological capabilities, and explore new product lines or markets.
Given the successful acquisition of funds, iRobot may attract additional investments in the future, especially if they demonstrate growth and innovation. However, the company might face challenges such as competition in the robotics market and the need to continuously innovate to stay ahead.
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