Stord raised $250 million at a $3 billion valuation, doubling its worth from a year ago. Led by Strike Capital with participation from Kleiner Perkins, Founders Fund, and Franklin Templeton, the Atlanta-based startup has now raised about $775 million total. The round marks a sharp recovery after a funding winter that tested many logistics plays.

Stord was founded in 2015 by CEO Sean Henry and CTO Jacob Boudreau while students at Georgia Tech. After hitting unicorn status in 2021 on pandemic-era hype, it raised a $200 million round in 2025 that brought its valuation to $1.5 billion. The company operates a warehouse network paired with inventory management software, positioning itself as an Amazon alternative for brands wanting to control their own customer relationships.

The latest boost comes as Stord leans into AI. It recently added an AI interface to its software and was highlighted by Google at Cloud Next in April. This positions Stord to compete on speed and data capabilities in an era where e-commerce logistics demand both flexibility and intelligence.