Stord raises $250M, doubles valuation to $3B

E-commerce logistics company Stord has secured $250 million in funding, achieving a $3 billion valuation, double its previous valuation from last year. The round was led by Strike Capital and included participation from major investors like Kleiner Perkins and Founders Fund. Stord, founded in 2015, offers a network of warehouses and inventory management software, positioning itself as an alternative to Amazon's fulfillment services. The company has recently integrated an AI interface into its software, drawing attention from tech giants like Google, and has now raised approximately $775 million to date.