Stord secures $400 million credit facility to expand fulfillment network and physical AI lab

Stord announced this month that it has secured a $400 million credit facility led by Citi, with participation from Morgan Stanley and JPMorgan among others, with subscriptions reaching nearly double its funding target. The company said the funds will be used to expand its fulfillment network, accelerate robot deployment, and increase AI investment through Stord Labs; Stord currently has nearly 100 fulfillment sites worldwide, serves more than 1,000 brands, and has annual GMV of over $15 billion.