Allbirds Transforms into AI Infrastructure Firm Smartbird Inc.
Former sneaker brand Allbirds has officially rebranded as Smartbird Inc., shifting its focus to an AI infrastructure business. The company sold its footwear assets and intellectual property for $39 million to American Exchange Group, while also increasing its convertible financing facility from $50 million to $100 million.
Topics: AI infrastructure Allbirds American Exchange Group rebranding Smartbird Inc.