Partly

Partly, a pioneering company developing AI infrastructure for the automotive repair supply chain, has successfully secured £38 million in a Series B funding round. This capital infusion is earmarked to support the company's strategic expansion into the US market, particularly within the automotive repair sector.

Summary of transaction details:

• Value: £38 million
• Sector: DeepTech & AI, Automotive
• Advisor: Not disclosed
• Key Entities: Target: Partly; Investor: DST Global Partners
• Location: Expansion into the US market (Austin, Texas mentioned for operations)

Note: This funding round highlights the increasing investor confidence in AI-driven solutions poised to transform traditional industries, addressing long-standing inefficiencies in the automotive repair market with advanced technological infrastructure.