Founded by Tesla’s former chief information officer Jay Vijayan, Tekion sells a management tool for car dealerships that makes it easier for customers to buy a vehicle online. The Pleasanton, California-based firm also uses AI and data analytics to allow over 2,000 automotive retailers to predict customer needs, and in the past year it launched a new enhanced AI engine. In January, it inked a deal with Asbury Automotive Group, one of the country’s biggest car retailer franchises in the country. Tekion has also shaken up its senior leadership this year, bringing on a new CTO, CRO and CFO. Following a 97% year-over-year revenue growth rate last year, the company closed a new $200 million funding round in July, pushing its valuation above $4 billion.
Public company, workplace, funding, and market signals
Updated Aug 16, 2026
Tekion is a privately held automotive software company building an AI-native, cloud-based platform that connects automotive retailers, OEMs, partners, and consumers. Its platform is designed to replace fragmented dealership systems with an integrated operating environment for automotive retail.
Primary product
Tekion Automotive Cloud platform, including Automotive Retail Cloud (ARC), Automotive Enterprise Cloud (AEC), and Automotive Partner Cloud (APC).
Founded
2016
Headquarters
6200 Stoneridge Mall Road, Pleasanton, California, United States
Team size
2,000–3,000; third-party company data estimates 2,587 employees
Work style
Flexible
Industry
Software Development
Sub-industry
Automotive retail software / dealer management systems
Offices
Business model
Stage
Late-stage venture / growth equity
Total raised
$635.1M
Latest round
Growth equity financing · Jul 2024
Latest amount
$200M
Jul 2024 · Dragoneer Investment Group
Oct 2021 · Durable Capital Partners and Alkeon Capital
Oct 2020 · Advent International
Aug 2019
Leadership
Founder and Chief Executive Officer
Co-founder and Chief Operating Officer
Chief Technology Officer
Chief People Officer
SVP, Growth Initiatives and Continuous Improvement
Tekion publicly emphasizes building a modern, consumer-grade business application experience, rapid innovation, AI, customer impact, and transforming an industry that it describes as underserved by technology. Public employee-review data is mixed: AmbitionBox reports moderate overall ratings and weaker work-life-balance sentiment, while company recruiting materials emphasize collaboration, growth, and innovation.
Work style
Flexible
Compensation
Public job listings indicate competitive compensation, generous stock options, medical coverage, and salary examples for some U.S. roles ranging from approximately $106,125–$207,000 depending on level and position. Compensation varies by location and role; company-wide compensation data is unavailable.
Benefits
Pricing
Custom enterprise pricing; public evidence indicates quote-based SaaS and implementation pricing rather than self-serve published prices.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$100M–$150M annual revenue; Tekion's CEO reported passing a $100M revenue run rate in 2023
Tekion confirmed a workforce reduction during 2023, describing it as a small percentage of employees and attributing the decision to changing macroeconomic conditions. Inc42 reported approximately 300 affected employees, including about 200 in India, or roughly 10% of the workforce at the time.
SourceTekion acquired Five64, a provider of interstate and state vehicle-registration solutions. The acquisition expanded product scope but also introduces integration and execution considerations.
SourceTekion filed a lawsuit against CDK Global alleging anticompetitive practices. The dispute highlights competitive, legal, and data-access risks in the dealer-management-system market.
SourceMoneycontrol · Jan 2025
Tekion opened a new Bengaluru office and planned to add more than 300 product, design, and engineering employees.
Business Wire · Dec 2024
Tekion initiated litigation against CDK Global concerning alleged anticompetitive practices and access to automotive dealership data.
Bloomberg · Jul 2024
Tekion raised $200 million from Dragoneer Investment Group, bringing its valuation above $4 billion.
The Hindu · Jul 2024
The Hindu reported the $200 million growth-equity financing, close to 3,000 employees, approximately $640 million raised to date, 2,000-plus automotive retailers, and 250-plus ecosystem technology partners.
Inc42 · Aug 2023
Inc42 reported a workforce reduction of approximately 300 employees, including about 200 in India; Tekion attributed the action to macroeconomic conditions.
106 jobs at Tekion