The round was led by Assembly Ventures, a venture capital firm focused on mobility technologies, bringing total funding to $13 million. The round also saw continued participation from returning investors, including Peterson Ventures and Matchstick Ventures, both of whom previously backed the company and doubled down on their conviction in Two Boxes' product, team, and market opportunity.

Two Boxes is an AI-powered returns processing technology platform purpose-built for the demands of modern commerce. By combining intelligent automation, including image classification, anomaly detection, and fraud identification with a flexible platform that enables any associate to process any return for any retailer globally, Two Boxes helps 3PLs and brands drive operational efficiency, recover inventory faster, and reduce fraud and revenue loss. The company serves leading enterprise accounts across DTC, B2B, and retail verticals.