Allbirds rebranded as Smartbird and picked A new CEO.
Article excerpt
Highlighted: the sentence this signal was extracted from
Allbirds rebranded as Smartbird and picked A new CEO. Reuters said the ex-sneaker maker's AI infrastructure pivot now includes AWS veteran Nadia Carlsten, plus $100 million in expanded convertible financing. about 1 hour ago - 2 mins What's going on here? Allbirds has rebranded as Smartbird, hired former Amazon Web Services executive Nadia Carlsten as CEO, and expanded its convertible financing to $100 million as it pivots into AI infrastructure, Reuters reported. What does this mean? This rebrand is really the capstone on a full business reset. After shutting most of its stores and selling its brand and footwear assets to American Exchange Group for $39 million in March, the company said in April it would focus on renting out cloud computing power and AI services, a move that Reuters said helped drive a more than five-fold share jump. Smartbird's plan is to offer "AI infrastructure as a managed service" - mea...
Keep reading with a free account
The rest of this article, and every signal for Allbirds, is in your free account.
