Logistics startup Stord raises $250 million at $3 billion valuation

Logistics startup Stord said on Tuesday it raised nearly $250 million in a late-stage funding round at a $3 billion valuation, and launched Stord Labs to advance physical intelligence.

The funding highlights investor confidence in platforms that provide independent brands with the technological infrastructure needed ‌to challenge ⁠the dominance ⁠of e-commerce giants such as Amazon.