Tekion Lands Over $4 Billion Valuation in New Dragoneer Deal

Tekion Corp., a company that provides technology for automotive businesses, has notched a more than $4 billion valuation following an investment from Dragoneer Investment Group.

The size of the financing is $200 million, said co-founder and Chief Executive Officer Jay Vijayan.

Jay Vijayan

Source: Tekion Corp

Vijayan, who previously worked as Tesla Inc.’s chief information officer, started Pleasanton, California-based Tekion in 2016. Vijayan says he saw an opportunity to provide software and other technology for manufacturers, retailers and other automotive industry players. Since then the company has raised $441 million in total financing from investors including Index Ventures, BMW ...