Stord, a physical intelligence platform for independent commerce, has secured a $400 million credit line. Citi led the financing, with participation from Morgan Stanley and JPMorgan. First Citizens, Citizens, and KeyBank also participated in the funding.
The obtained line was re-underwritten nearly double the amount initially requested by the company. This provides Stord with additional liquidity to expand its order fulfillment network. This financing followed a $250 million Series F round in 2026, which valued the company at $3 billion.
The company plans to use the new capital to scale its order fulfillment network and accelerate the development of robotics and automation. Stord's broader strategy integrates fulfillment infrastructure with trading software and artificial intelligence. These tools help brands improve delivery, reduce costs, and strengthen customer engagement.
Stord operates nearly 100 fulfillment centers globally, and its network serves over 1,000 independent commerce brands. Annually, the company processes gross merchandise value exceeding $15 billion. Furthermore, Stord is approaching $1 billion in annual revenue, increasing tenfold over the last four years.
A significant portion of the new funding is directed to Stord Labs. This center, located in Atlanta, focuses on developing physical intelligence technologies for the company's fulfillment network. Stord Labs engineers test agent robotics and AI on a unified technology stack, working directly within Stord's operations and client businesses.
The company uses autonomous carts to increase warehouse picking efficiency and develops computer vision technologies to ensure safety, security, and employee training. Stord asserts that this approach allows proven technologies to rapidly spread across the entire network, enabling innovation without needing to rebuild individual systems for each location. The new capital will increase investments in these areas, and Stord expects automation to boost speed and accuracy across the network.
The financing coincided with the appointment of two senior executives. Bill Zerella joined Stord as Chief Financial Officer (CFO). Previously, he managed finance at three public companies, including Fitbit, where he helped conduct the company's IPO in 2015. He most recently served as CFO at ACV Auctions, which combines software, fintech, marketplace sales, and vehicle logistics.
Mark Wayland also took on the role of Chief Revenue Officer (CRO) at Stord. Prior to this, he held the same position at Box and Tanium, and worked for over ten years at Salesforce, becoming Vice President of Marketing Cloud. Both appointments strengthen Stord's financial and commercial leadership and support its plans for scaling in enterprise commerce.
Stord aims to help independent brands compete with large marketplaces. Its strategy is based on combining scale with faster delivery and lower costs. CEO Sean Henry believes that scale supports both delivery speed and favorable unit economics, which, according to the company, can strengthen consumer trust in independent sellers.
Stord was founded in 2015 by Henry and Jacob Budro. The company's headquarters are in Atlanta, and it continues to expand its logistics infrastructure. The company reported raising $650 million in equity and debt capital in 2026. This latest funding round gives it additional flexibility for further growth.