Partly Raises $50M in Series B Funding at $500M Valuation

Partly Group Ltd., a New Zealand startup founded in 2020 by former Rocket Lab engineer Levi Fawcett, raised $50 million in Series B funding at a $500 million valuation. The company's AI model, Interpreter, trained on vehicle parts, processes orders nine times faster and cuts returns by a factor of 2.4. Partly is opening its first U.S. operation.