Atlanta-based Stord, a cloud-based warehousing platform, had spent months finalizing plans to buy transportation provider Cove Logistics to build out its freight capabilities. All 15 of Cove’s employees will join Stord as part of the company’s new Sprinfield freight office. With $15 million in funding from investors like Kleiner Perkins and Revolution, Stord now has 85 employees across four locations. Though the company had mastered warehouse management, they realized they needed to build out their transportation capabilities to streamline supply chains for their customers. The vast majority of Stord customers are B2B businesses that move products in and out of facilities via freight trucks.

Source: Forbes June 12, 2020 15:00 UTC