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Cloud-Native Retail Platform Tekion Raises $150 Million Series C

Oct 29, 2020•over 4 years ago

Amount Raised

$150 Million

Round Type

series c

PleasantonSoftware

Description

Airbus Ventures is proud to announce a key advance in its continuing partnership with Tekion - the first and fastest cloud-native automotive retail platform. Just last week, Tekion, founded by former Tesla Inc. Chief Information Officer Jay Vijayan, reported completion of its $150 million Series C financing round with an over $1 billion valuation. Participants included Advent International, as well as Airbus Ventures, Index Ventures, FM Capital, and Exor, providing fresh capital for significantly scaling the company

Company Information

Company

Tekion

Location

Pleasanton, California, United States

About

Positively disrupting an industry that has not seen disruption in over 50 years, Tekion has challenged the paradigm with the first and fastest cloud-native automotive platform that includes the revolutionary Automotive Retail Cloud (ARC) for retailers, Automotive Enterprise Cloud (AEC) for manufacturers and other large automotive enterprises, and Automotive Partner Cloud (APC) for technology and industry partners. Tekion connects the entire spectrum of the automotive retail ecosystem through one seamless platform. The transformative platform uses cutting-edge technology, big data, machine learning, and AI to seamlessly bring together OEMs, retailers/dealers, and consumers. With its highly configurable integration and greater customer engagement capabilities, Tekion is enabling the best automotive retail experiences ever.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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