A decade after Hypepotamus first covered a scrappy Georgia Tech startup pitching storage solutions, Stord has become a titan of Atlanta's tech ecosystem.
The logistics and supply chain company announced a $250 million Series F funding round at a $3 billion valuation, coming just a year after raising $200 million. The round was backed by existing investors including Strike Capital, Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, Bond, and Lux.
"Commerce infrastructure gets built once," said John Lagomarsino of Strike Capital. "From our earliest conversations with Sean Henry, it was clear Stord was assembling something rare: software, physical infrastructure, and AI combined in a way that turns fulfillment into a competitive advantage rather than a cost center."
Stord now operates more than 100 facilities worldwide. The company is also rolling out a new Physical Intelligence Lab to advance its AI-powered fulfillment capabilities.
The raise positions Stord as one of the most valuable private companies to emerge from Atlanta's startup scene.