Partly
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Investors
About
Partly builds Interpreter, a foundation model purpose-built for the automotive parts and repair supply chain, trained on five years of human feedback and synthetic data, more than 50 manufacturer agreements, and continuous live data. Tested across 50 Toyota repair jobs, Interpreter achieved 60% F1 (a combined measure of precision and recall) versus 1-5% F1 for general AI models without catalogue data. Founded in Christchurch, New Zealand in 2020 by Levi Fawcett (an ex-Rocket Lab engineer) alongside co-founders Nathan Taylor and Taylor Howes, the company is now headquartered in Austin, Texas with a second office in San Francisco and employs 160 people across 20+ countries 124.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2022-12 | Series A | $37M | Octopus Ventures | – 45 |
| 2026-06-23 | Series B | $50M | DST Global Partners | – 12345 |
The Series A in late 2022 was led by Octopus Ventures and valued Partly at $180M 45. The June 2026 Series B was a partial close at a $500M post-money valuation; the company has stated it does not anticipate seeking additional funding until 2027 4. Total capital raised to date is approximately $92.4M 4. Series B proceeds will fund compute for training version seven of Interpreter, team expansion across Europe, and US sales and marketing 12.
What Investors Say
No independently sourced investor quotes incorporated at this time. The press release describes DST Global Partners as “the investor behind industry-defining brands like Anthropic, Meta, Alibaba, Airbnb, and Spotify” 1.
What Founders Say
“We have spent five years building the AI infrastructure layer that the industry has been missing.” — Levi Fawcett, CEO and Co-Founder, Partly 1
“Not since the creation of the assembly line or EVs has the auto industry experienced significant innovation that simultaneously improves operational efficiency, industry profitability, and consumer value.” — Levi Fawcett, CEO and Co-Founder, Partly 1
Sources
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PR Newswire, “Partly Closes Historic Series B Raise at $500M Valuation and Announces Immediate US Market Expansion,” June 23, 2026. Accessed June 2026. https://www.prnewswire.com/news-releases/partly-closes-historic-series-b-raise-at-500m-valuation-and-announces-immediate-us-market-expansion-302807008.html↩↩↩↩↩↩
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Yahoo Finance, “Partly Closes Historic Series B Raise at $500M Valuation and Announces Immediate US Market Expansion,” June 23, 2026. Accessed June 2026. https://uk.finance.yahoo.com/news/partly-closes-historic-series-b-130000166.html↩↩↩
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The SaaS News, “Partly Raises $50M Series B,” June 2026. Accessed June 2026. https://www.thesaasnews.com/news/partly-raises-50m-series-b/↩
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NewsWire NZ, “Christchurch-founded Partly raises US$50 million and closes in on New Zealand unicorn status,” June 2026. Accessed June 2026. https://newswire.co.nz/2026/06/partly-series-b-50-million-dst-global-2026/ — Confirms US$50M at US$500M valuation led by DST Global; cites Series A in December 2022 at US$37M led by Octopus Ventures at a US$180M valuation; total capital raised to date US$92.4M; partial close with no further fundraise expected until 2027. ↩↩↩↩↩↩
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SiliconANGLE, “Partly raises $50M at a $500M valuation to crack the US auto parts market,” June 23, 2026. Accessed June 2026. https://siliconangle.com/2026/06/23/partly-raises-50m-500m-valuation-crack-us-auto-parts-market/ — Independent confirmation of $50M Series B led by DST Global Advisors Ltd. at $500M valuation; references prior Series A led by Octopus Ventures. ↩↩↩