Partly Secures $50 Million in Series B Funding to Expand U.S. Operations
Partly, a company from Austin, Texas, that focuses on enhancing the parts supply chain by improving efficiency and enabling automation, has successfully raised $50 million in a Series B funding round. This round was led by DST Global Advisors Ltd. The funding announcement was made on June 23, 2026.
Company Background
Established by co-founder and Chief Data Officer Nathan Taylor and CEO Levi Fawcett, Partly aims to revolutionize the automotive parts sector. The company's flagship technology, "Interpreter," utilizes artificial intelligence to streamline the process of identifying and ordering vehicle parts. By training a specialized AI model on vehicle parts data, Partly addresses the inefficiencies typically seen in the manual ordering processes of body shops.
Strategic Use of Funds
Partly plans to use the newly acquired funds primarily to establish its presence in the U.S. market. The company is targeting the country's collision repair sector, which comprises roughly 250,000 repairers and represents a market valued at over $100 billion. According to CEO Levi Fawcett, Partly has "spent five years building the AI infrastructure layer that the industry has been missing," which they believe will significantly benefit the U.S. market.
The Role of AI in Auto Parts
Partly's AI model, Interpreter, differentiates itself by accurately identifying vehicle parts through various inputs such as technical diagrams, damage photos, and repair descriptions. The model standardizes these inputs, reducing errors in part identification and order processing. This approach has been shown to increase order processing speed by nine times and decrease return rates by a factor of 2.4.
Future Expansion Plans
The Series B funding will allow Partly to further develop its AI capabilities and expand its operations in the U.S. This expansion aims to provide the collision repair industry with access to advanced AI tools designed specifically for their needs. By addressing the unique challenges of the parts supply chain, Partly hopes to enhance overall efficiency and reduce costs associated with misidentified parts and order returns.
With this significant investment, Partly is well-positioned to make a substantial impact on the U.S. auto parts market, offering innovative solutions to longstanding industry challenges.