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Partly Raises $50.0M

Recently funded · $50.0M Series bTechnology, Information and MediaNZView source

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DST Global Partners has led a $50.0M Series B funding round for Partly, the UK-based startup developing an AI model for the auto parts industry. The fresh capital will fuel Partly's expansion into the US market, building on its core engineering operations in Christchurch.

Partly's mission is to connect the world's parts, streamlining the collision parts supply chain from procurement to order management. The company, which counts automotive veterans and engineers with backgrounds at Rocket Lab, Microsoft, and Apple among its team, is also backed by existing investors including Octopus Ventures and Blackbird.

Why has world-leading investor DST Global Partners backed UK #AI firm Partly? The backer of Anthropic, Meta, Alibaba Group, Airbnb and Spotify led a $50 million round of funding as it launches into the United States.

Partly was co-founded by CEO Levi Fawcett in New Zealand in 2020 and has built the world’s only AI foundation model purpose-built for the automotive repair supply chain. Fawcett is a rocket scientist who managed and developed hardware simulations for the Electron Rocket at Rocket Lab before co-founding Partly. Following years of research, he launched the product into the UK market and relocated

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