Partly Raises $50M Series B
Partly raises $50 million in Series B funding led by DST Global Partners at a $500 million valuation to expand its AI automotive repair platform into the US.
Partly Raises $50M Series B at $500M Valuation
Partly, an automotive technology company, has raised $50 million in Series B financing to accelerate its expansion into the United States. The funding round values the company at $500 million and will be used to scale its operations and bring its specialized AI-driven automotive repair infrastructure to the U.S. market.
Investors
This round was led by DST Global Partners. Additional investors were not disclosed in the source article.
Partly Use of Funds
Partly plans to use the new capital to accelerate growth in the United States, which is the world's largest automotive repair market. The company intends to scale its engineering, product management, and business development teams while establishing its new American headquarters in Austin, Texas.
About Partly
Founded in 2020 by CEO Levi Fawcett, Partly specializes in artificial intelligence tools for the automotive industry. The company developed Interpreter, a proprietary foundation model trained on five years of industry-specific data, designed to streamline automotive parts identification, sourcing, and logistics for repair businesses.
Funding Details
Company Website: https://partly.com
Company: Partly
Raised: $50M
Round: Series B
Funding Date: June 23, 2026
Lead Investor: DST Global Partners
Software Category: Automotive AI
Source: https://www.citybiz.co/article/864515/partly-raises-50-million-series-b-at-500-million-valuation-expands-into-u-s-market/
