Tekion raises USD 200Mln from Dragoneer Investment Group
Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, yesterday announced that it has secured $200 million in growth equity capital from Dragoneer Investment Group. This financing round sets Tekion’s valuation above $4 billion. Tekion plans to invest the capital to expand its product offering for dealer partners and OEMs, accelerate […]
Tekion designates Binu Mathew as CTO
Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, yesterday announced Binu Mathew as the company’s Chief Technology Officer (CTO). “We have a tremendous opportunity to meet the automotive industry’s demand for reliable generative AI. Tekion is leading the way in fulfilling this need,” said Jay Vijayan, CEO of Tekion. “Binu’s experience and leadership […]
Severe data breaches and ransomware threats affect Automotive Industry- CybelAngel Reveals
CybelAngel, a global leader in digital risk protection, today released its Global Cyber Investigation, “The Race Against External Threats in the Automotive Supply Chain,” that shows the automotive industry is at severe risk of ransomware attacks due to the availability of hundreds of thousands of exposed credentials online. The company conducted a wide-ranging six-month investigation […]
