iRobot Gobbles up Evolution Robotics for $74M

Guess what Roomba got for its 10th birthday? A nice, shiny new company to play with.

iRobot, the company that makes the Roomba robotic vacuum will acquire competitor Evolution Robotics for $74 million in cash, according to a joint announcement.

Though iRobot went public in 2005 and Evolution Robotics remains a privately-held company, the two companies have otherwise followed a somewhat similar trajectory for the last decade. Both are run by scientists -- Evolution by Dr. Paolo Pirjanian, iRobot by co-founder Colin Angle, who graduated from MIT. Both companies build consumer-focused robotics products and technologies, which include home-cleaning robots.

Evolution Robotics develo…
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