After iRobot Split, Endeavor Rides Growth in Military Robot Spending | Enterpreneurship
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United we stand, divided we fall. But sometimes, the opposite is true.
That’s the way things seem to be playing out for iRobot (NASDAQ: IRBT) and Endeavor Robotics, iRobot’s former defense and security business, which was carved out and sold to private equity firm Arlington Capital Partners two years ago for up to $45 million, including milestone payments.
Founded in 1990, iRobot was a pioneer in the robotics industry. In its early years, the Bedford, MA-based company was known for developing ground robots used by soldiers and first responders to do things like sniff out bombs and search… Read more »
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