Stord raises $250M, valuation $3B, opens AI robotics lab

Atlanta-based logistics company Stord has secured $250 million in new funding, doubling its valuation to $3 billion. The company announced the funding alongside the launch of Stord Labs, a dedicated facility for testing robotics and artificial intelligence technologies within its warehouse operations.

The Series F funding round was led by Strike Capital and included participation from Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, and Bond. This latest investment brings the company's total funding to over $775 million since its founding in 2015. The valuation increase follows a $200 million round last year that valued the company at $1.5 billion.

Stord provides a network of fulfillment centers and inventory management software for e-commerce brands. The company operates nearly 100 fulfillment locations worldwide and processes over $15 billion in annual gross merchandise value for more than 1,000 customers, including brands such as AG1, True Classic, and Fanatics. Its core proposition is to offer independent brands the logistics infrastructure and delivery speed associated with large platforms like Amazon, while allowing those brands to maintain...