PARTLY RAISES $50M SERIES B, VALUED AT $500M

Partly develops artificial intelligence models designed to streamline operations in the auto parts sector. The funding will support the startup's US market entry as it scales its technology across new regions. DST Global led the investment, signaling confidence in Partly's AI approach to automotive parts distribution and management. The $500 million valuation reflects growing investor interest in AI applications within traditionally analog industries. The auto parts sector represents a significant market opportunity, with complex supply chains and inventory management challenges that Partly's AI tools aim to address. The company's New Zealand origins add to a growing wave of tech talent emerging from the region. Partly joins other startups applying machine learning to logistics and supply chain problems, a space that has attracted substantial venture capital in recent years.