Robot vacuum maker Neato is shutting down amid stiff competition

There's one less competitor in the robot vacuum world. Neato Robotics is shutting down as the company hasn't reached its "self-defined economic goals" for years, parent company Vorwerk Group tellsTechHive. 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.