Amazon fulfillment competitor Stord raises $250M at $3B valuation
Stord was founded in 2015 by then-college students CEO Sean Henry and CTO Jacob Boudreau while they were still at Georgia Tech.
AI Summary
Stord, an e-commerce logistics company founded in 2015 by Georgia Tech students, has raised $250 million at a $3 billion valuation, doubling its valuation from a year ago. The round was led by Strike Capital with participation from Kleiner Perkins, Founders Fund, and others, bringing Stord's total funding to approximately $775 million. The Atlanta-based company operates a network of warehouses and inventory management software for e-commerce brands and has recently gained attention for adding AI capabilities to its platform, positioning itself as an alternative to Amazon's fulfillment services.