Atlanta-based Stord announced on October 8, 2026, that it secured a $400 million credit facility led by Citi, joined by Morgan Stanley and JPMorgan alongside First Citizens, Citizens, and KeyBank. The company said the facility closed oversubscribed at nearly double the amount it originally went to market seeking.
The Citi-Led Facility
Stord, which describes itself as the physical intelligence layer for independent commerce, said it saw significant demand for the facility. The company said the new credit capacity, combined with its nearly $250 million Series F at a $3 billion valuation earlier in 2026, gives it substantial liquidity and financial flexibility as it continues to grow and expand rapidly.
Chief Executive Officer and co-founder Sean Henry connected the financing and the accompanying hires to the company’s trajectory. “We will use this capital to expand our fulfillment network, accelerate our deployment of robotics, and invest aggressively in AI through Stord Labs,” Henry said. He described the banks participating in the facility and the two executives joining Stord as a vote of confidence in the foundation the company has created and a signal of where it is headed.
Stord was founded in 2015 by Henry and Jacob Boudreau, who serves as co-founder and Chief Technology Officer, according to the company’s About page. The company is headquartered in Atlanta.
Use of Proceeds: Fulfillment, Robotics, and AI
Stord said the capital will fund rapid expansion of its fulfillment network, accelerate the automation and robotics work underway at Stord Labs, and deepen the commerce software and AI that brands use to grow revenue and reduce costs.
Stord Labs is the company’s physical intelligence lab at its Atlanta headquarters. According to the announcement, the lab tests, develops, and deploys agentic robotics and AI across the Stord network on a single unified stack, and its team embeds forward deployed engineers directly inside Stord’s own operations and its customers’ businesses. Stord said the results are already showing up in speed and accuracy across the network, and that the new capital will further accelerate its investment in AI and automation.
Stord first introduced Stord Labs on May 26, 2026, in its Series F announcement. In that release, the company described a lab that develops and validates agentic AI, robotics, and advanced automation against real orders on the same live operating system powering its production network, then deploys proven innovations across nearly 100 facilities with no re-integration.
Two Executive Appointments
Bill Zerella joins Stord as Chief Financial Officer. According to the announcement, Zerella has led finance at three public companies, all of which he brought to the public equity markets, including Fitbit’s initial public offering in 2015, where the company grew from roughly $300 million to more than $2 billion in revenue and reached a market capitalization of approximately $12 billion. He most recently served as Chief Financial Officer at ACV Auctions, which Stord described as a $1 billion-plus business combining software, fintech, marketplace sales, and vehicle logistics.
Mark Wayland joins as Chief Revenue Officer. Stord said Wayland brings more than three decades of enterprise sales and revenue leadership, most recently as Chief Revenue Officer at Box. Before Box, he served as Chief Revenue Officer at Tanium and spent more than a decade at Salesforce, rising to Senior Vice President of the Marketing Cloud. He has built global and enterprise sales organizations at public software companies throughout his career, according to the announcement.
Reported Scale and Prior 2026 Financing
Stord said it is approaching $1 billion in revenue run-rate, has grown 10x over the past four years, and has secured $650 million in equity and credit capacity in 2026 alone.
The credit facility follows the company’s nearly $250 million Series F at a $3 billion valuation, announced on May 26, 2026, and led by existing investors. That round included Strike Capital, Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, Bond, and Lux, among others. In the May release, Stord said its software business tripled in 2025 and that software bookings more than doubled quarter over quarter in the first quarter of 2026, driven by its Consumer Experience suite and an expanded AI suite.
As of May 2026, Stord reported operating nearly 100 fulfillment locations worldwide, approximately 20 Stord-operated sites and 80 partner sites, all running the same Stord operating system. The company said more than 1,000 brands, including AG1, True Classic, Goodr, Jolie, Native, and Fatty15, have chosen its network; that it powers over $15 billion in gross merchandise value annually, with packages touching nearly one in four U.S. households each year; and that it trains models on live fulfillment data spanning 8 billion data points per year. Stord also reported that it has completed eight acquisitions and that its network includes more than 4,000 people, with over 200 dedicated to software engineering, product, data science, and physical infrastructure.
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