Founded Year

2016

Stage

Growth Equity | Alive

Total Raised

$600M

Valuation

$0000 

Last Raised

$200M | 9 mos ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+124 points in the past 30 days

About Tekion

Tekion is a technology company that specializes in cloud-native platforms for the automotive industry. Its main offerings include dealer management systems (DMS), customer relationship management (CRM), digital retail solutions, and advanced analytics designed to streamline operations and enhance customer experiences. The company primarily serves the automotive retail and enterprise sectors with a focus on integrating various aspects of dealership and manufacturer operations. It was founded in 2016 and is based in Pleasanton, California.

Headquarters Location

5934 Gibraltar Drive

Pleasanton, California, 94588,

United States

833-835-4662

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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.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Automotive Tech

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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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).

S

Store tech (In-store retail tech)

1,775 items

Companies that make tech solutions to enable brick-and-mortar retail store operations.

U

Unicorns- Billion Dollar Startups

1,270 items

A

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 45 patents.

The 3 most popular patent topics include:

  • machine learning
  • data management
  • wireless networking
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/26/2023

1/14/2025

Parsing algorithms, Rotating disc computer storage media, Parser generators, Diagrams, Configuration files

Grant

Application Date

9/26/2023

Grant Date

1/14/2025

Title

Related Topics

Parsing algorithms, Rotating disc computer storage media, Parser generators, Diagrams, Configuration files

Status

Grant

Latest Tekion News

Tekion Named as an Approved Toyota SmartPath/MONOGRAM CRM Provider, Expanding Dealer Options

Apr 2, 2025

Tekion , innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced its latest integration with original equipment manufacturer (OEM) Toyota Motor North America, Inc. (TMNA). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250402103641/en/ Tekion named as SmartPath/MONOGRAM CRM provider With this approval, Toyota and Lexus dealers in the United States can now select Tekion's Automotive Retail Cloud (ARC) as their Customer Relationship Management (CRM) provider operating within the SmartPath / MONOGRAM digital retail program. ARC is a comprehensive, cloud-native platform that includes retail, service, parts, accounting, customer relationship management, analytics and more in one seamless platform to help elevate and materially improve an auto retailer's end-to-end operations. Powered by AI, Tekion's CRM unifies data, streamlines processes and delivers best-in-class experiences, enabling dealers to increase profitability and customer retention. “Tekion's CRM brings simplicity and intelligence to dealership operations, perfectly aligning with Toyota's SmartPath vision,” said George Kang, EVP, Partner and OEM Solutions. “By streamlining workflows and centralizing customer data, we help dealers spend less time managing systems and more time building meaningful customer relationships.” To learn more about Tekion and its continued partnership with Toyota, visit https://go.tekion.com/toyota-dealers About SmartPath/MONOGRAM Toyota's SmartPath and Lexus' MONOGRAM digital retail solution empowers consumers to be in control of their buying experience, every step of the way. Customers can browse real-time dealer new & used inventory, compare pricing, and customize their payment options — all from the comfort of their home or on-the-go. The information is seamlessly synced between the SmartPath/Monogram Digital Retail tool and the CRM so the dealer receives real-time information along the customer's purchasing experience. About Tekion Positively disrupting an industry that has not seen disruption in over 50 years, Tekion has challenged the paradigm with the first and fastest cloud-native automotive platform that includes the revolutionary Automotive Retail Cloud (ARC) for retailers, Automotive Enterprise Cloud (AEC) for manufacturers and other large automotive enterprises and Automotive Partner Cloud (APC) for technology and industry partners. Tekion connects the entire spectrum of the automotive retail ecosystem through one seamless platform. The transformative platform uses cutting-edge technology, big data, machine learning, and AI to seamlessly bring together OEMs, retailers/dealers and consumers. With its highly configurable integration and greater customer engagement capabilities, Tekion is enabling the best automotive retail experiences ever. For more information, visit www.tekion.com View source version on businesswire.com: https://www.businesswire.com/news/home/20250402103641/en/ “By streamlining workflows and centralizing customer data, we help dealers spend less time managing systems and more time building meaningful customer relationships.” Contacts Marylou Hastert at press@tekion.com

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, Durable Capital Partners, Hyundai Motor Company and 12 more.

  • Who are Tekion's competitors?

    Competitors of Tekion include DealerCenter and 2 more.

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Compare Tekion to Competitors

D
DealerCenter

DealerCenter is a car dealership management software system for independent auto dealers. It provides inventory management, payment processing, and customer management features.

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Kerridge Commercial Systems

Kerridge Commercial Systems (KCS) provides specialist software, services, and support to deliver integrated trading and business management solutions to trade, wholesale, manufacturing, and distribution customers across the world. The company offers a solution based on the K8 business management system, with a range of supporting and managed services. It was founded in 1976 and is based in Berkshire, United Kingdom.

D
DMS Innovations

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.

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myKaarma

myKaarma is a provider of automotive service software for franchise auto dealers. The company offers a platform that includes dealer scheduling, communications, payments, pickup and delivery, video multi-point inspections, and Business Development Center solutions. myKaarma's solutions are focused on the automotive industry. It was founded in 2012 and is based in Long Beach, California.

A
AutoRaptor

AutoRaptor specializes in automotive CRM software, focusing on sales management and customer relationship management within the automotive industry. The company offers a suite of tools for lead management, sales process automation, and customer data management, designed to streamline dealership operations and enhance sales productivity. AutoRaptor's CRM solutions cater to the needs of auto dealerships, providing features such as communication tools, mobile app accessibility, and integration with dealership management systems. It was founded in 2006 and is based in Providence, Rhode Island.

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