Robot vacuum maker Neato is shutting down amid stiff competition

Neato Robotics is shutting down as the company hasn't reached its "self-defined economic goals" for years, parent company Vorwerk Group tells TechHive. The firm's sales haven't met expectations, in other words. Vorwerk is promising cloud and repair support to Neato customers for "at least" five years, so your robovac should continue to run for a while longer. The move will affect 98 jobs, Vorwerk says. Users started worrying weeks ago, when users noticed a broken customer sign-in page.