Partly has raised $50 million in Series B funding led by DST Global Partners, valuing the automotive software company at $500 million. Existing investor Blackbird Ventures also participated. The funding will support hiring in Australia, where Partly is adding software engineering, machine learning, and data science roles. The recruitment drive is part of an expansion expected to more than double global headcount this year. Founded in 2020, Partly develops an AI model called Interpreter for the automotive repair supply chain. The company has trained the model over five years using original equipment manufacturer catalogue data, repair data, and transaction data from New Zealand, Australia, the UK, and the Nordics. Partly targets a fragmented vehicle repair market where inaccurate parts data and manual procurement processes increase costs and delay repairs.

Partly, an AI automotive startup, has relocated its global headquarters from the United Kingdom to Austin and plans to more than double its workforce over the next two years. The move was funded by a $50 million raise backed by Yuri Milner's DST Global Partners, pushing Partly's valuation to $500 million. Founded in 2020, Partly has built an AI model to automate workflows for vehicle repairs, serving automakers like Toyota and Hyundai. CEO Levi Fawcett cited Austin's talent pool and affordability compared to the Bay Area as key factors in the decision. The company currently employs about 50 people in Austin and expects 200 workers by end of 2027, doubling that number the following year. Partly will move into permanent downtown offices later this year.