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 […]