The company behind Laundroid files for bankruptcy - StartupWizz | StartupWizz

The company behind Laundroid files for bankruptcy

At the end of the day, Laundroid amounted to little more than a fun show demo. The device was a bit silly and prohibitively large and expensive for most  to consider actually purchasing. All in all, it was a lot of work for the relatively simple task of folding laundry.

Seven Dreamers, which has been a staple at trade shows in recent years, has filed for bankruptcy in Japan. No official word yet on whether the dream is fully dead, but things certainly look bleak for the company, which has racked up in the roughly $22 million in debt as it’s struggled to actually ship its laundry folding machine.

And while Laundroid was reportedly still on track for a 2019 release, according to Seven Dreamers, the product had too many rough edges left to smooth out, struggling with even basic tasks according to hands-on reports.

With Laundroid’s future in doubt, California-based Foldimate seems reasonably well positioned to dominate whatever market might actually exist for such a product. The company got fairly good marks for its own robotic folding technology back at CES.

The automation of household tasks has been a holy grail for consumer robotics in recent years. Aside from the Roomba, however, it’s so far proven an impossible nut to crack.


The company behind Laundroid files for bankruptcy
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