Partly announced that it has raised $50 million in Series B funding to bring frontier AI to the repair industry. The funding round was led by DST Global Partners. WNDR, Activant Capital, Icehouse Ventures, Blackbird, Square Peg, Airtree, and Ecliptic Venture Capital also backed the company.
Partly is focused on improving how vehicles and other physical products are repaired by helping businesses identify and source the right parts more accurately. The company said repairs have become increasingly complex and more dependent on correct parts identification, which can make it harder for repairers to complete work efficiently and maintain quality.
The company said it is working to remove barriers for repairers by developing AI models that understand the physical world, apply general intelligence, and deliver high levels of accuracy.
Partly has developed Interpreter, a frontier model designed to understand how the physical world is built and repaired. The model has been trained over the last five years on millions of vehicles and billions of parts.
Interpreter now powers more than 1,000 businesses worldwide.
With the new funding, Partly plans to continue expanding its AI capabilities and scale its work across the repair industry. The company is also hiring across more than 50 roles.
KEY QUOTES:
“Over the years, repairs have grown more complex and have become more reliant on the right parts. As a result, we don’t fix as much as we used to and compromise more on quality.”
“That’s why we started Partly. We’re removing the barriers so repairers can do great work. That means solving some of the hardest problems in frontier AI: models that understand the physical world, are generally intelligent, and extremely accurate.”
“We’ve built the frontier model for how the physical world is built and repaired – Interpreter. Trained over the last five years on millions of vehicles and billions of parts, Interpreter now powers more than 1,000 businesses worldwide.”
Partly statement
