May 26 (Reuters) – Logistics startup Stord said on Tuesday it raised nearly $250 million in a late-stage funding round at a $3 billion valuation, and launched Stord Labs to advance physical intelligence.
The funding highlights investor confidence in platforms that provide independent brands with the technological infrastructure needed to challenge the dominance of e-commerce giants such as Amazon.
Here are some details:
• Stord Labs will serve as a research base for the company to test agentic AI, robotics and automation against live fulfillment data to improve warehouse operations.
• The Series F funding round was led by existing investors and included Strike Capital, Kleiner Perkins, Founders Fund, Franklin Templeton and Baillie Gifford among others.
• The company’s valuation has doubled from $1.5 billion a year ago, when Stord had raised around $200 million in its Series E funding round.
• The startup said its revenue has grown more than tenfold over the past four years, with its software business growing faster than overall operations, driven by increasing adoption of its AI and e-commerce fulfillment platform.
• Atlanta-based Stord provides an AI-powered supply chain platform that combines logistics such as warehousing and fulfillment with enterprise software.
• CEO and founder Sean Henry said Stord offers independent brands an integrated commerce platform that combines fulfillment, software and AI to deliver a customer experience that rivals Amazon Prime.
• Stord operates over 100 fulfillment locations and brands such as nutrition firm AG1, travel and lifestyle company Monos and apparel firm True Classic use its platform for their direct consumer relationships.
(Reporting by Anhata Rooprai in Bengaluru; Editing by Joyjeet Das)
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