Smartbird, formerly Allbirds, appointed Nadia Carlsten as president and CEO and doubled its convertible financing facility from $50 million to $100 million after selling its footwear assets. It officially changed its name to Smartbird, Inc. and is developing its first dedicated AI infrastructure clusters.
Smartbird appointed Nadia Carlsten as president and CEO, adding her to the board of directors. Joe Vernachio resigned and Lily Yan Hughes was named board chair, while Annie Mitchell continues as CFO.
The company completed the sale of its Allbirds brand and footwear assets and officially changed its name from Allbirds, Inc. to Smartbird, Inc., with its Nasdaq listing and CUSIP unchanged.
Smartbird expanded its convertible financing facility from $50 million to $100 million, bolstering its balance sheet to support execution of its AI infrastructure strategy.
Smartbird positions itself as a managed service provider of dedicated AI infrastructure, engaging prospective customers and designing its first private compute clusters to meet enterprise deployment needs.
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