09 October 2026 | News
Image Courtesy: Public Domain
Stord, the physical intelligence layer for independent commerce, announced a $400 million credit facility led by Citi and joined by Morgan Stanley and JPMorgan, alongside First Citizens, Citizens, and KeyBank. The company saw significant demand, closing the facility oversubscribed at nearly double the amount Stord originally went to market seeking.
The facility, combined with Stord's $250M Series F at a $3B valuation earlier in 2026, gives Stord substantial liquidity and financial flexibility as the company continues to grow, launch, and expand rapidly. This capital will fund Stord's 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 rely on to grow revenue, reduce costs, and delight their consumers.
A key investment behind Stord's Series F and credit facility is Stord Labs, the company's physical intelligence lab at its Atlanta headquarters, which tests, develops, and deploys agentic robotics and AI across the Stord network on a single unified stack. That same team embeds forward deployed engineers directly inside Stord's own operations and its customers' businesses, and the results are already showing up in speed and accuracy across the network. With this new capital, Stord will further accelerate its investment in AI and automation across the network.
The financing is announced alongside two executive appointments. Bill Zerella joins as Chief Financial Officer. Zerella has led finance at three public companies, all of which he brought to the public equity markets, including Fitbit's IPO 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 (NYSE: ACVA), a $1 billion-plus business combining software, fintech, marketplace sales, and vehicle logistics. He understands brands the way Stord's customers do, and he has spent his career building finance inside complex, physical AI businesses like Stord's own.
Mark Wayland joins as Chief Revenue Officer. Wayland brings more than three decades of enterprise sales and revenue leadership, most recently as Chief Revenue Officer at Box (NYSE: BOX). Before Box, he was 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.
Stord 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 just in 2026 alone.
"Stord is transforming commerce. Our industry-leading scale, fulfillment infrastructure, commerce technology, and applied AI and robotics have rapidly separated Stord as the leader. This facility, combined with our $250 million Series F, gives us the balance sheet to match the scale, potential, and impact of what we're building. We will use this capital to expand our fulfillment network, accelerate our deployment of robotics, and invest aggressively in AI through Stord Labs. The banks in this facility, and the leaders joining us in Bill and Mark, are both a vote of confidence in the foundation we've created at Stord, as well as a signal of where we are headed," said Sean Henry, CEO and Co-Founder of Stord.
