It manages everything from ordering to inventory management to billing on its proprietary software. https://www.stord.com/blog/standing-with-the-black-community Below is our recent interview with Jacob Boudreau, Founder & CTO of Stord:. Hear Stord co-founder and CEO Jacob Boudreau on FreightWaves TV's What the Truck podcast at 33:46: https://hubs.ly/H0DtMGw0 See More Jacob has 2 jobs listed on their profile. All Rights Reserved, This is a BETA experience. On-Demand Warehouse Startup STORD Acquires Cove Logistics … Jacob Boudreau, Founder and CTO Description STORD offers a digital warehousing and distribution network solution that streamlines the capital intensive, slow-moving, and disjointed supply chain process through the power of cloud computing. I'm co-founder and CTO at STORD. Before. Stord is on a mission to level the playing field for all brands, reg... ardless of size, by offering access to cloud-based, scalable logistics services. according to logistics consultants Armstrong & Associates. Hi! He recruited Boudreu, who was then just 18, as cofounder and chief technology officer. Stord's $31M Series B Shows Strength of Atlanta's Supply Chain … 이 문제를 해결하기 위해 제이콥 부드로(Jacob Boudreau)와 힘을 합쳐 2015년 애틀란타에서 스토어드(Stord)를 시작하여 배송 업체에게 전례없는 가시성, 주문형 … Henry cofounded Stord in late 2015 while still attending the Georgia Institute of Technology. Stord raises $12.3 million to digitize warehousing and distribution … https://hubs.ly/H0DtMGw0 Robinson. STORD co-founder Jacob Boudreau joins the show to highlight how small businesses can efficiently connect the dots on their supply chain activity during the shipping process. Eventually, IPG could switch its entire warehouse business over to Stord, says Zachary Kissel, IPG’s vice president of ecommerce services. I'm Jacob Boudreau.I'm co-founder and CTO at STORD.I write about a variety of interests with currently more thoughts as drafts than articles. STORD is headquartered in Atlanta. Just as software has upended other large, staid industries, so, too, logistics. I also edit the Next Billion-Dollar Startups list. Henry first got the idea for Stord as a teenaged eBay seller who was struggling to fulfill orders for electronics parts—and wondered why there wasn’t a better way. STORD CEO and founder Sean Henry, who along with co-founder Jacob Boudreau created the company to break into the $163 billion storage industry, recently found this out. I’m sure I’ll write a lot more interesting things in the future. Sean Henry, 24, and Jacob Boudreau, 22, founded flexible warehousing startup Stord while in college at Georgia Tech in 2015. Separated they live in…. Frequently Asked Questions. The cost of logistics in North America totaled $2.1 trillion in 2019, according to logistics consultants Armstrong & Associates. Sean Henry, 24, and Jacob Boudreau, 22, founded flexible warehousing startup Stord while in college at Georgia Tech in 2015. Intertape Polymer Group, which makes water-activated tape, air pillows and other supplies used by e-commerce retailers (think Amazon, Walmart etcetera), started working with Stord two years ago after getting a cold call. At first, the Montreal-based company, which has more than $1 billion in annual revenue, simply agreed to let Stord set up a midwest warehouse. Stord is taking logistics in a new direction with our advanced software platform and end to end logistics services. STORD's key executives are Sean Henry and Jacob Boudreau.. How many employees does STORD have?. Founded by Jacob Boudreau and Sean Henry in 2015, STORD is backed by investors that include Dynamo, Engage Ventures, Kleiner Perkins, Rise of the Rest, and Susa Ventures. Hi! About Stord After working for a global automotive manufacturing company, Sean Henry felt the pain caused by complex fragmented logistics networks first-hand. “There’s not a lot of red tape,” he says. Joey Gracek Director of Operations - Supply Chain. “The hardest part is the ‘unknown unknowns.’ We haven’t worked for years in a massive organization,” he says. Hear Stord co-founder and CEO Jacob Boudreau on FreightWaves TV's What the Truck podcast at 33:46: . we help brands reach new customers, accelerate delivery, and gain cloud like agility with our connected and on demand logistics network. Since its inception the supply chain company has never actually owned any warehouses. Stord's Sean Henry (left) and Jacob Boudreau: Founders Fund offered to invest even before they kicked off their planned fundraise this fall. You may opt-out by. Building the future of warehousing @stordco (We're hiring!) I read voraciously and you can find my notes and … In 2018, the co-founders of Stord, Sean Henry, 21, and Jacob Boudreau, 20, made it on the Forbes 30 Under 30 list in … Rather than owning warehouses, as industry giant Prologis does, Atlanta-based Stord uses software to connect businesses in need of storage and distribution to independent warehouses with excess capacity. Today, Atlanta-based Stord hit a new milestone: With shipping surging in advance of the holidays and customers expectations for lightning fast delivery at a fevered pitch, the company raised $31 million, led by Peter Thiel’s Founders Fund, Henry told Forbes. “We’re in rapid growth mode,” he says. Its network model gives it flexibility—key to its success generally and critical during the pandemic. When was STORD founded?. “Jake and I had to grow a lot as leaders as we’ve scaled the business.”, I'm a senior editor at Forbes, where I cover manufacturing, industrial innovation and consumer products. “We’re trying to level the playing field.”. "Our vision is … "Jake and I had to grow a lot as leaders as we've scaled the business," says Stord CEO Sean Henry (right), photographed with cofounder Jacob Boudreau. “The customer gives you their freight because you hold the inventory for them,” he says. To solve this, Sean and CTO Jacob Boudreau started STORD in 2015 to give shippers unprecedented visibility, on-demand scale and the leading distribution network to move their goods. STORD was founded in 2015.. Who are STORD key executives?. S ean henry, 24, and jacob boudreau, 22, founded flexible… The Weekly Notable Startup Funding Report: 12/7/20. David Hardwick VP of Engineering. Stord has 1 board member or advisor, Ilya Fushman. Stord has 6 current team members, ... Jacob Boudreau Co-Founder and CTO. by AlleyWatch. I'm a senior editor at Forbes, where I cover manufacturing, industrial innovation and consumer products. FreightWaves spoke with Jacob Boudreau, the founder and CTO of STORD, to discuss the acquisition and its impact on the company's recent advent into freight hauling services. Henry now says he hopes to join the ranks of Under 30 founders with companies on Forbes’ Next Billion-Dollar Startups list. I'm Jacob Boudreau. Henry says that the company is now moving close to $10 billion worth of product across the country, and has developed a cloud-based software platform that connects a network of more than 500 warehouses and over 20,000 carriers. View the profiles of professionals named "Jacob Boudreau" on LinkedIn. To help it do so, Stord hired Steve Swan, who had spent nearly seven years in logistics at Amazon, as its vice president of supply chain in October 2019. With a single integration between your enterprise systems to the Stord Supply Chain Cloud, you unlock a single view of inventory, order This new funding will fuel our growth as we build the first end-to-end cloud supply chain. “There’s a cultural shift for these brands, driven by Covid, to realize they can’t build their supply chains flexible enough or adaptive enough.”. I'm based in New York, but my family is from Pittsburgh—and I love stories that get me out into the industrial heartland. I am working to be more active on social media, primarily on my twitter. STORD has secured $46 million in total investments so far, using Chattanooga, Tennessee-based Dynamo as … “We’re trying to give them Amazon-level logistics for all,” Henry says. Founders Fund partner Trae Stephens, who led the recent investment, figures that over the long term, as companies realize how critical supply chain is to their operations, Stord could build a multi-billion-dollar business in a vast market. “Stord’s position of providing software to connect warehousing and freight and eventually other models of transportation can become that operating system.”. Steve Swan VP of Supply Chain. STORD is next-generation warehousing & distribution for modern shippers. - jacobboudreau Since then, it has expanded its network with Stord and integrated data from its transportation manager into Stord’s software. My work has also appeared in Barron's, Inc., the New York Times and numerous other publications. Stord was co-founded in 2015 by CEO Sean Henry and CTO Jacob Boudreau after experiencing first-hand the limitations of fragmented distribution networks. STORD was founded in 2015 by Sean Henry and Jacob Boudreau. Stord’s customers include brands like Owens Corning, Dollar General and Advance Auto Parts. By the time he and Boudreau raised the company’s first round of funding in 2018, he had dropped out of college to become a Thiel Fellow and build the company full time. “They are just a bunch of problem-solvers.”, As a young founder running an fast-growth company, Henry says he had to learn how to hire a team (now 130 people) and keep pace with the business. © 2021 Forbes Media LLC. Stord's Sean Henry (left) and Jacob Boudreau: Founders Fund offered to invest even before they kicked off their planned fundraise this fall. With its network of warehouses, Stord helps direct-to-consumer online retailers—and those that have struggled to rapidly shift their businesses from brick-and-mortar to online—keep pace with consumer expectations and with Amazon. Before rejoining Forbes in 2016, I was a senior writer or staff writer at BusinessWeek, Money and the New York Daily News. “Supply chain is becoming really complex and needs a unified operating system,” says Ilya Fushman, a partner at Kleiner Perkins, which is an investor in Stord. While numerous digital freight operations have already sprung up, including Transfix, Next Trucking and Uber Freight, Henry sees opportunity in combining warehousing with freight as both become enabled by technology. Competitors of STORD include MSC Mediterranean Shipping, Total Quality Logistics and C.H. I am working to be more active on social media, primarily on my twitter.. Q: Could you provide our readers with a brief introduction to Stord? FreightWaves spoke with Jacob Boudreau, the founder and CTO of STORD, to discuss the acquisition and its impact on the company's recent advent into freight hauling services. Jacob Boudreau. “Covid has created a dynamic where people who used to go to the store are buying online, and they want their products faster and faster,” says Jeff Raider, cofounder of Harry’s and Warby Parker, who invested in Stord’s latest round through Good Friends fund. The company is headquartered in Atlanta, Georgia, with offices in Springfield, Missouri and Atlanta, Georgia. Sean Henry, 24, and Jacob Boudreau, 22, founded flexible warehousing startup Stord while in college at Georgia Tech in 2015. Consonantia, there live the blind texts. Henry cofounded Stord in late 2015 while still attending the Georgia Institute of Technology. STORD General Information Description. Ping me with ideas, or follow me on Twitter @amyfeldman. Stord’s Sean Henry first got the idea for the company as a teenaged eBay seller struggling with logistics. They made the cut for Forbes 30 Under 30 in 2018, and Henry, who dropped out of college, won the prestigious Thiel Fellowship the next year. “These are incredibly fragmented markets where no player owns more than a few percentage points,” Stephens says. The new funding brings Stord’s total investment to $46 million, and its valuation to roughly $200 million. Getting the Thiel Fellowship and connecting with other young founders one or two steps ahead in the growth trajectory was key, he says. I write about a variety of interests with currently more thoughts as drafts than articles. Courtesy of Stord. They made the cut for Forbes 30 Under 30 in 2018, and Henry, who dropped out of college, won the prestigious Thiel Fellowship the next year. "Our vision is … After attending the Dynamo accelerator in Chattanooga, TN, the STORD team decided to change gears and shift their business model, despite already turning a profit. Developer of a digital warehousing and distribution network designed to provide true visibility and control over inventory. Building the Cloud Supply Chain - Stord Raises $31M Series B Led by Founders Fund ATLANTA, Dec. 4, 2020 /PRNewswire/ -- Today, we are excited to share that Stord has raised a $31M Series B led by Founders Fund. By the time he and Boudreau raised the company’s first … “There’s a cultural shift for these brands, driven by Covid, to realize they can’t build their supply chains flexible enough or adaptive enough.”. Oh, and here’s a…, Far far away, behind the word mountains, far from the countries Vokalia and Revenue is expected to approach $50 million this year, a roughly seven-fold increase over last year, and Henry expects it to surpass $100 million next year. How exciting! About. I also edit the Next Billion-Dollar Startups list. The pioneers of the new warehousing model have not gone unnoticed. Board Members and Advisors. When Stord co-founders Sean Henry and Jacob Boudreau pivoted into the warehouse logistics space in 2017, they knew fixing supply chain problems for brands of all sizes was an important problem. STORD has 114 employees.. Who are STORD competitors?. There are 20+ professionals named "Jacob Boudreau", who use LinkedIn to exchange information, ideas, and opportunities. I read voraciously and you can find my notes and interests here: my bookshelf (coming soon), This is my first post on my new fake blog! Stord is the Cloud Supply Chain—empowering brands to build sophisticated, agile, and integrated logistics networks, for a fraction of the cost (and even less time than) it would take to build themselves. He was a a freshman at Georgia Tech when he started the company. The notable startup fundings for the week ending 12/5/20 featuring funding details for Stord, Surfline, Pave and fifteen other rounds you must know about. Stord is on a mission to level the playing field for all brands, regardless of size, by offering access to cloud-based, scalable logistics services. View Jacob Boudreau’s profile on LinkedIn, the world’s largest professional community. Jim Bork VP of Sales. Number of Board Members / Advisors 1. STORD.
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