Tekion
Founded Year
2016Stage
Series D | AliveTotal Raised
$400MValuation
$0000Last Raised
$250M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+70 points in the past 30 days
About Tekion
Tekion operates as a technology company providing cloud-based solutions. The company offers a comprehensive platform that includes services such as dealership management systems (DMS), customer relationship management (CRM), digital retail, and advanced analytics. Its platform is designed to streamline operations and enhance the retail experience in the automotive sector. It was founded in 2016 and is based in Pleasanton, California.
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Research containing Tekion
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Tekion in 1 CB Insights research brief, most recently on Oct 8, 2021.
Expert Collections containing Tekion
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Tekion is included in 3 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
1,582 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Unicorns- Billion Dollar Startups
1,228 items
Auto Commerce
579 items
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Tekion Patents
Tekion has filed 38 patents.
The 3 most popular patent topics include:
- machine learning
- data management
- classification algorithms
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/10/2022 | 11/7/2023 | Grant |
Application Date | 10/10/2022 |
|---|---|
Grant Date | 11/7/2023 |
Title | |
Related Topics | |
Status | Grant |
Latest Tekion News
Nov 16, 2023
PLEASANTON, Calif.--(BUSINESS WIRE)--Tekion, innovator of the first cloud-native platform serving the entire automotive ecosystem, today announced their partnership with Service Payment Plan, Inc. (SPP), the auto industry’s leading provider of 0% payment plans for vehicle service contracts and protection products. Through this partnership, dealers can access SPP’s interest-free payment plans from the Tekion Automotive Retail Cloud (ARC) Desking Menu seamlessly, in real-time via Tekion’s Automot
Tekion Frequently Asked Questions (FAQ)
When was Tekion founded?
Tekion was founded in 2016.
Where is Tekion's headquarters?
Tekion's headquarters is located at 5934 Gibraltar Drive, Pleasanton.
What is Tekion's latest funding round?
Tekion's latest funding round is Series D.
How much did Tekion raise?
Tekion raised a total of $400M.
Who are the investors of Tekion?
Investors of Tekion include Index Ventures, Advent International, Alkeon Capital Management, Hyundai Motor Company, Durable Capital Partners and 11 more.
Who are Tekion's competitors?
Competitors of Tekion include CDK Global and 3 more.
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Compare Tekion to Competitors
The Reynolds and Reynolds Company provides a retail management system. It delivers software solutions and services in automotive retailing. The company operates as a provider of dealer management systems and associated products and services. It enables automobile dealers to sell more cars and to improve customer service. It primarily serves the automotive industry. It was founded in 1866 and is based in Dayton, Ohio.
Reynolds and Reynolds is a dealer management system manufacturer that develops and supports software solutions for automotive retailers and manufacturers to manage all their business operations. The company offers I.T. services, web technologies, and retail management system. It is based in Birmingham, England.
DealerCenter is a car dealership management software system for independent auto dealers. It provides inventory management, payment processing, and customer management features.
CDK Global is a provider of retail technology and software as a service (SaaS) solutions that help dealers and auto manufacturers run their businesses more efficiently, drive improved profitability, and create frictionless purchasing and ownership experiences for consumers. It provides integrated technology solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout North America, Europe, the Middle East, Africa, Asia Pacific, and South America. CDK Global was founded in 2014 and is based in Hoffman Estates, Illinois. In July 2022, CDK Global was acquired by Brookfield Business Partners at a valuation of $8300M.
Auto/Mate Dealership Systems is a provider of dealership management system software to retail automotive dealerships. On January 6th, 2020, Auto/Mate was acquired by DealerSocket, terms of the agreement were not disclosed.
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