Stord Acquires Shipwire to Expand AI-Powered E-Commerce Fulfillment Network

E-commerce logistics startup Stord has acquired CEVA Logistics subsidiary Shipwire, a strategic move to expand its AI-powered fulfillment network and compete with industry giants like Amazon. The acquisition, completed on January 1 for an undisclosed amount, adds 12 new locations and 60 employees to Stord’s growing logistics infrastructure, while integrating Shipwire’s AI-driven execution, planning, and routing tools into its operations.

Shipwire, an AI fulfillment platform used by e-commerce firms, brings dozens of new large and mid-market customers to Stord’s network. CEO Sean Henry highlighted the acquisition’s potential to enhance Stord’s scale and technological capabilities, stating, "This is a great network, great customers, great team to pull onto our technology and our combined scale." The deal also positions Stord to partner with CEVA’s extensive global network, spanning 120 million square feet across 170 countries.

Stord's Expansion in the E-Commerce Fulfillment Market

This acquisition marks Stord’s seventh since its founding in 2015 by former Thiel Fellow Sean Henry. The Atlanta-based company has been aggressively expanding its logistics and fulfillment services, challenging Amazon by building a network to lower shipping costs and accelerate deliveries for smaller merchants. Stord’s previous acquisitions include third-party delivery company Ware2Go, Pitney Bowes’ e-commerce fulfillment business, and freight and logistics platform ProPack.

Stord operates in a crowded market alongside competitors like ShipBob, Flexport’s Deliverr, Cart.com, and Shipmonk. The demand for e-commerce fulfillment services has surged as more consumers shop online and merchants operate across multiple platforms. Amazon has also capitalized on this trend by offering its multi-channel fulfillment service, allowing businesses to tap into its network to ship orders placed on other sites.

Strategic Growth and Future Plans

Stord’s acquisition of Shipwire aligns with its broader strategy to expand its logistics network and strengthen its AI-driven capabilities. The company raised $200 million in 2025 at a $1.5 billion valuation, backed by major investors including Kleiner Perkins, Founders Fund, Salesforce Ventures, and Strike Capital. With this funding, Stord has pursued an aggressive expansion plan, including investments in Kentucky and the tech platform Penny Black.

CEO Sean Henry has indicated that Stord is actively seeking more acquisitions similar to Shipwire in the coming months, with plans to expand into Australia and Asia. The company’s current network includes facilities in the U.S., Canada, U.K., and the Netherlands, and it aims to leverage its growing infrastructure to compete with larger players in the e-commerce fulfillment market.

Stord’s rapid growth and strategic acquisitions reflect its ambition to become a leading player in the AI-powered e-commerce fulfillment space. As the company continues to scale, it will likely face both opportunities and challenges in navigating the competitive landscape and meeting the evolving demands of online merchants.