Tekion

Tekion is a cloud technology company and provider of SaaS retail operating platform, Automotive Retail Cloud (ARC).

Tekion provides leading edge business applications on the cloud and is currently focused on transforming the automotive industry.

Tekion was founded in 2016 by Jay Vijayan. The company is headquartered in San Ramon, California, with offices in Bangalore, Karnataka and Thoraipakkam, Chennai, India.

 

Tekion's flagship product offering, Automotive Retail Cloud ™, an industry-first cloud-native retail platform, including all functionalities of a Dealer Management System (DMS) launched recently.

 

Tekion inherently uses cutting-edge technologies to bring modern consumer experiences to life including IoT and ML/AI. ARC is simplifying the dealer/consumer relationship and journey

 

Tekion is backed by Advent International, Index Ventures, Alkeon Capital, Exor, General Motors, BMW iVentures, Durable Capital, Hyundai Motor Company, Airbus Ventures, FM Capital and others. The company raised $250M in Series D round on Oct 05, 2021. This brings Tekion's total funding to $435.1M to date. The latest round more than tripled the company's valuation to $3.5B post-money. Tekion was previously valued at over $1B from its Series C raised in Oct 2020.

 

 

  • Year founded: 2016
  • Funding Info: $435.1M over 5 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $3.5B as of Oct 05, 2021
  • City/Town: San Ramon
  • State: California
  • Country: United States
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