Tech
Amazon fulfillment competitor Stord raises $250M at $3B valuation
E-commerce logistics company Stord has raised a $250 million round at a $3 billion valuation, it announced Tuesday. This doubles its valuation from a year-ago round.
The new funding was led by Strike Capital with participation from Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, and Bond.
Stord was founded in 2015 by then-college students CEO Sean Henry and CTO Jacob Boudreau while they were still at Georgia Tech. It was soaring along, run by the two young founders, through the frothy pandemic-era of VC funding, hitting unicorn status in 2021.
The startup survived the subsequent VC funding winter and in 2025, raised a $200 million mega round, also led by Strike Capital, that brought it to a $1.5 billion valuation. It has now raised a total of about $775 million to date.
Stord offers a network of physical warehouses and inventory management software for e-commerce. It bills itself as a sort of anti-Amazon, giving brands “the speed to compete” while still owning their customer relationships. In this AI age, the Atlanta-based fulfillment startup is gaining attention again, especially after it added an AI interface to its software. It was recently highlighted by Google at the tech giant’s Cloud Next conference in April.
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Tech
India rejects Elon Musk’s claim of discrimination over Starlink launch
India has rejected Elon Musk’s claim that Starlink, SpaceX’s satellite internet service, is being unfairly blocked from launching in the country. The pushback comes as SpaceX struggles to turn years of regulatory work and partnerships with India’s biggest telecom operators into a commercial launch in one of the world’s largest internet markets.
On Wednesday, Musk accused unnamed “oligarchs” of blocking Starlink’s launch in India to maintain what he called their “monopolistic chokehold” on the country, without identifying them or providing evidence for his claim. He called the alleged blocking a “crime against the people of India” and argued that Starlink could bring affordable, high-speed internet to people who lack internet access.
Hours later, India’s Ministry of Communications pushed back, saying its regulatory framework for satellite communications is “fair and non-discriminatory.” The ministry said in a statement that Starlink and two other licensed satellite operators are all at “broadly the same regulatory stage.” It added that all three companies are undergoing security assessments that must be completed before they can seek spectrum, the radio frequencies that satellites use to send signal.
Starlink has spent over five years trying to enter India, a market with more than a billion internet subscribers. But it has yet to begin commercial services despite securing key regulatory approvals and partnering with telecom giants Reliance Jio and Bharti Airtel last year. SpaceX has also set up a local team as it prepares for a launch, appointing former Payoneer executive Prabhakar Jayakumar to lead its India operations in December.
Musk’s comments came hours after Lauren Dreyer, Starlink’s vice president of business operations, appeared at a telecom industry conference, India Mobile Congress, in New Delhi and reiterated the company’s commitment to the market. “We stand ready to serve India,” Dreyer said, adding that Starlink wants to help realize Prime Minister Narendra Modi’s goal of achieving universal connectivity across the country.
Starlink said it already has more than 20 gateway sites (the ground stations that link its satellites to the internet) and hundreds of antennas on the ground in India, and has adapted its operations to meet the country’s regulatory, security, and data-sovereignty requirements. Moreover, SpaceX has positioned its satellite network as a complement to — rather than a replacement for — India’s terrestrial telecom networks.
SpaceX first attempted to launch Starlink in India in 2021. The company, however, had to refund preorders for its equipment in early 2022 after the Indian government called it out for “booking/rendering the satellite internet service” before getting the necessary licenses.
Starlink has also previously clashed with India’s largest telecom operators over how satellite spectrum should be allocated. Starlink pushed for spectrum to be assigned administratively, while Reliance Jio argued that it should be auctioned — a position that could have made Starlink’s entry more expensive. India ultimately sided with Starlink’s preferred approach, deciding to allocate satellite spectrum administratively rather than through an auction.
Jio and Airtel, the two biggest Indian telcos, are also pursuing their own satellite internet services, even as they have agreed to distribute Starlink in India. Jio is working with satellite operator SES on satellite broadband, while Airtel is a major backer of Eutelsat OneWeb, another licensed satellite operator in India.
While the timing of Starlink’s India launch remains unclear, the company this week launched Starlink Mobile, which connects ordinary phones to satellites, in neighboring Bangladesh this week.
Starlink, India’s Ministry of Communications, Reliance Jio, and Bharti Airtel did not immediately respond to requests for comment.
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Tech
Robot data startup Mecka AI nabs $60M from Sequoia
Mecka AI, a startup that collects and analyzes human motion data to train humanoid robots and other kinds of robots, announced it has raised a $60 million Series B round led by Sequoia, with participation from Nvidia, Microsoft’s venture fund M12, and others. TechCrunch had previously reported that the startup was nearing a new funding round at a $500 million valuation.
Founded in 2024, the startup intends to do for robotics what Scale AI, Mercor, Surge, and other data-labeling companies have done for LLMs. Those companies supply the human-generated data these systems learn from. Mecka pays people to record themselves doing everyday tasks, like making coffee or fixing cars, while wearing body sensors and using smartphones.
Other startups that collect real-world data for robot training include XDOF, which was in talks to raise a Series B round at a $1.2 billion valuation according to TechCrunch’s previous reporting. Human-data platforms that began with LLMs are also expanding into robotics, such as Scale AI and Micro1.
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Tech
While VCs crowd into San Francisco, Endeavor Catalyst raises $320M for founders ‘elsewhere’
Endeavor Catalyst has closed its fifth fund with $320 million in capital commitments, bringing the firm’s total assets under management to more than $850 million. The raise is good news for founders outside the Bay Area who risk getting overlooked as more funds focus squarely on AI companies in Silicon Valley.
Catalyst is the venture arm of Endeavor, a New York-based global nonprofit that has spent 30 years supporting founders outside major tech hubs. (It calls all those other places “elsewhere” throughout its marketing materials.)
The fund is run by managing partner Allen Taylor, a 20-year veteran of the organization, and managing director Jackie Carmel, who joined Endeavor 12 years ago, along with a 16-person team. The official general partner, though, is Endeavor itself. What that means, says Linda Rottenberg, who co-founded Endeavor and helped start Endeavor Catalyst in 2012, is that “half of the fund’s profits go back to Endeavor, so every investment helps the next generation of founders who are building elsewhere.”
The bar for those founders is pretty high. A person first has to get into Endeavor’s network, where he or she can access Endeavor’s mentoring and extensive network, and that’s hard. Last year, the group says it screened more than 10,000 candidates and picked 88. The network now has more than 3,100 entrepreneurs in over 50 countries.
When one of those founders’ companies raises at least $5 million in a round led by another institutional investor, Catalyst can join in on the same terms as that lead. The team tells TechCrunch that checks usually run $1 million to $3 million but can’t exceed 10% of the round.
Over the next few years, they plan to make 40 to 50 investments annually, investing in up to 150 companies altogether with this new fund, they say.
Taylor wouldn’t share numbers on cash-on-cash returns tied to its earlier funds, but he did point to some impressive-sounding numbers. Across all five funds, he says, Endeavor Catalyst has backed 437 companies in 44 markets. Eighty-three of those startups are currently valued at $1 billion or more, he says, and the unit has seen 39 exits and 11 IPOs.
Some of the venture arm’s most valuable holdings right now include four-year-old ElevenLabs, the maker of AI voice tools that was recently valued at $22 billion in a secondary sale (it was founded in Poland originally), and Bending Spoons, the 13-year-old Italy-based conglomerate that went public in July and which currently boasts a $26 billion market cap.
Other holdings include New York-based Reflection AI (founded by two former Google DeepMind researchers — one of whom was born in Greece) that is now valued at $25 billion; Checkout.com, whose founder is Swiss and that was valued last year at $12 billion; the African payments infrastructure company Flutterwave, valued this summer at $3.2 billion; and Replit, co-founded by Amjad Masad, who is Palestinian-Jordanian. Replit snagged a $9 billion valuation earlier this year.
Endeavor, the nonprofit, has especially well-connected people associated with it, including board members Reid Hoffman; Nick Beim, a career VC who has spent the last 25 years at Matrix Partners, then Venrock; and Edgar Bronfman Jr., the former head of Warner Music and Seagram, who chairs Endeavor Global’s board.
Greek Prime Minister Kyriakos Mitsotakis is a longtime friend of Endeavor, too, including appearing routinely at Endeavor events. (Late last month in San Francisco, I sat down with him during a rare visit to the Bay Area meet with tech founders and Greek expatriates.)
Altogether, Endeavor Catalyst’s newest fund includes 400 limited partners, including Hoffman, famed hedge manager Bill Ackman, and the Dutch investment group Prosus. According to Taylor, roughly 30% of those backers are Endeavor founders themselves, including founders of Nubank, Revolut and Checkout.com.
While so much attention is paid to what’s happening in San Francisco and its immediate environs right now, the bets of Endeavor Catalyst suggest what other investors may be missing, and Endeavor, with local teams and mentors in dozens of countries, seems particularly well positioned to see it.
Indeed, about 90% of the venture arm’s investments are outside the U.S., it says. Europe is its fastest-growing region, with 12 new investments in the first half of 2026 compared with 14 in all of last year, though Latin America is still the largest.
Repeat founders are also becoming a bigger part of the mix. Taylor tells TechCrunch that roughly 14% of Endeavor Catalyst’s fourth fund went to second companies started by Endeavor founders at the seed or Series A stage. With this new fund, the team expects that number will reach 20%
Pictured above: Endeavor co-founder Linda Rottenberg on stage in Turin, Italy, earlier this month.
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