From Quarter-Zips to GPUs: Allbirds Becomes NewBird AI with $50M Cash Infusion
Allbirds sells its shoe brand and raises $50M to become NewBird AI, a GPU-as-a-Service cloud company. Special dividend coming.
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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.