Allbirds has officially become Smartbird. The former footwear company sold its shoe brand, appointed AI veteran Nadia Carlsten as CEO, and is now an AI infrastructure provider.
Allbirds sells its shoe brand and raises $50M to become NewBird AI, a GPU-as-a-Service cloud company. Special dividend coming.
Allbirds has signed a deal to sell its brand and assets to American Exchange Group for just $39 million. The once-$4 billion eco-sneaker company will dissolve after the sale closes in Q2 2026.
