Tekion
Founded Year
2016Stage
Growth Equity | AliveTotal Raised
$600MValuation
$0000Last Raised
$200M | 2 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+59 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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ESPs containing Tekion
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
Digital engagement platforms for the automotive space offer a range of software solutions designed to enhance customer interactions, streamline marketing efforts, and optimize sales processes. Some companies in the space are building digital marketing solutions, including website optimization, search engine marketing, and targeted advertising campaigns, aimed at increasing online visibility and dr…
Tekion named as Highflier among 6 other companies, including Impel, Orbee, and DealerOn.
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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)
1,677 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Unicorns- Billion Dollar Startups
1,244 items
Auto Commerce
700 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 42 patents.
The 3 most popular patent topics include:
- machine learning
- data management
- wireless networking
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
1/24/2023 | 4/9/2024 | Document management systems, Content management systems, Data management, Information technology management, Records management technology | Grant |
Application Date | 1/24/2023 |
|---|---|
Grant Date | 4/9/2024 |
Title | |
Related Topics | Document management systems, Content management systems, Data management, Information technology management, Records management technology |
Status | Grant |
Latest Tekion News
Sep 3, 2024
Tekion's CEO has said that the company could pursue an initial public offering if certain milestones are met.
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 Growth Equity.
How much did Tekion raise?
Tekion raised a total of $600M.
Who are the investors of Tekion?
Investors of Tekion include Dragoneer Investment Group, Index Ventures, Advent International, Alkeon Capital Management, Durable Capital Partners and 12 more.
Who are Tekion's competitors?
Competitors of Tekion include DealerCenter and 2 more.
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Compare Tekion to Competitors
DealerCenter is a car dealership management software system for independent auto dealers. It provides inventory management, payment processing, and customer management features.
DMS Innovations offers a Microsoft Dynamics AX-based dealership management system for automotive dealerships. It replaces current legacy systems (ADP, Reynolds, and Reynolds). It provides two-way, open access to the data and can be integrated into third-party systems using the built-in integration framework. It offers this solution as a hosted hardware service, so there is no hardware to purchase. DMS Innovations was founded in 2008 and is based in Minneapolis, Minnesota.
Reynolds and Reynolds specializes in integrated software solutions for automotive dealerships. The company offers a comprehensive dealership management system that connects all areas of a dealership, enabling real-time data sharing and reporting from a single point of data entry. Their products facilitate efficient management of dealership operations, customer relations, vehicle sales, and service processes. Reynolds and Reynolds primarily serves the automotive retail industry. It is based in Birmingham, England.
Frazer Software specializes in dealer management solutions for the used car dealership industry. Their main offerings include a comprehensive dealer management system (DMS) that facilitates inventory management, sales processing, forms printing, and financial transactions. The company primarily serves the used car dealership sector with a suite of tools designed to streamline operations and enhance dealer productivity. It is based in Canton, New York.
Car-Research XRM specializes in customer relationship management within the automotive industry. The company provides a suite of tools designed to assist car dealerships in managing their sales, customer interactions, and dealership operations. These tools facilitate efficient tracking of sales processes and enhance customer engagement. It was founded in 1995 and is based in Houston, Texas.
Revvable is a software company focused on the powersports and vehicle dealership industry. The company offers a comprehensive platform that simplifies the complex process of purchasing a vehicle, including features for digital payments, credit applications, customer communication, digital signing, and workflow management. Revvable primarily serves the automotive and powersports dealership industry. It was founded in 2021 and is based in San Francisco, California.
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