Tekion
Funding History
| Series C · 10/2020 | $1.0B |
|---|---|
| Series D · 10/2021 | $3.5B |
| 2024 Growth Equity Investment · 07/2024 | $4.0B |
About
Tekion Corp is a U.S.-based automotive retail technology company headquartered in Pleasanton, California. It was founded in 2016 by Jay Vijayan, who previously served as chief information officer at Tesla, reporting directly to Elon Musk.
- founded
- 2016
- headquarters
- Pleasanton, California
- totalFundingRaised
- $600M+
- latestValuation
- $4B+
Overview
Tekion is an automotive retail technology company that builds a cloud-native dealer management system (DMS) called the Automotive Retail Cloud, aiming to replace legacy DMS providers with an AI-driven platform for auto dealers and OEMs.
Founded in 2016 by former Tesla CIO Jay Vijayan, Tekion has raised more than $600 million from investors including Advent International, Alkeon Capital, Durable Capital Partners, and Dragoneer Investment Group, reaching a valuation of more than $4 billion in its most recent disclosed round.
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