# Partly raises $50M at a $500M valuation to crack the US auto parts market

> **Platform:** [SPIDITS AI](https://spidits.com/) — Real-Time AI News & Market Intelligence  
> **Published:** 2026-06-23T13:00:18.000Z  
> **Category:** FUNDING  
> **Impact Score:** 210/100  
> **Primary Source:** [SiliconANGLE](https://siliconangle.com/2026/06/23/partly-raises-50m-500m-valuation-crack-us-auto-parts-market)  
> **Canonical Citation:** [https://spidits.com/timeline/partly-raises-50m-at-a-500m-valuation-to-crack-the-us-auto-parts-market](https://spidits.com/timeline/partly-raises-50m-at-a-500m-valuation-to-crack-the-us-auto-parts-market)

## Executive Summary
Partly Group Ltd., a New Zealand startup using artificial intelligence to change up the automotive parts business, announced today that it has raised $50 million new funding at a $500 million valuation. It's also opening its first U.S. operation, betting that the country's collision repair sector...

## Referenced Coverage & Sources
- **[SiliconANGLE](https://siliconangle.com/2026/06/23/partly-raises-50m-500m-valuation-crack-us-auto-parts-market)**: Partly raises $50M at a $500M valuation to crack the US auto parts market — _Partly Group Ltd., a New Zealand startup using artificial intelligence to change up the automotive parts business, announced today that it has raised $50 million new funding at a $500 million valuation. It's also opening its first U.S. operation, betting that the country's collision repair sector..._

---
*Synthesized by SPIDITS AI Market Intelligence Desk. Track live AI news, model releases, and funding: [https://spidits.com](https://spidits.com)*