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About
Tekion offers a cloud-native platform designed for the automotive retail industry, with its main product being a Dealer Management System (DMS). This system uses technologies like Big Data, IoT, and Machine Learning to provide dealerships with a centralized view of their operations, enhancing management and efficiency. Tekion stands out by integrating seamlessly with major OEMs at no extra cost, and it operates on a subscription-based model that allows dealerships to access its software while also benefiting from additional services that boost profitability. The company's goal is to improve dealership efficiency, profitability, and customer experience.
Company Stage
Growth Equity (Venture Capital)
Employees
1,001-5,000
Industries
Data & Analytics, Automotive & Transportation, AI & Machine Learning
Total Funding
$617.8M
Headquarters
Pleasanton, California
Founded
2016
Simplify's Take
What believers are saying
- Increased adoption of cloud-native solutions boosts demand for Tekion's platform.
- Strategic partnerships enhance Tekion's capabilities and expand its ecosystem.
- The rise of EVs presents new market opportunities for Tekion.
What critics are saying
- Legal battles, like the lawsuit against CDK Global, could strain Tekion financially.
- Generative AI integration may face data privacy and security challenges.
- Rapid expansion could lead to operational inefficiencies or cultural clashes.
What makes Tekion unique
- Tekion offers the first cloud-native platform for the automotive retail industry.
- The platform integrates AI and machine learning for enhanced dealership management.
- Tekion's system connects OEMs, retailers, and consumers on a single platform.
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6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↑ 7%Benefits
Competitive compensation and generous stock options
100% employer-paid top-of-the-line medical, dental and vision coverage
Great benefits including unlimited PTO, parental leave and free snacks and beverages
The opportunity to work with some of the brightest minds from Silicon Valley’s most dominant and successful companies
Be part of an early stage, hyper-growth start-up with the opportunity to grow and prosper
Work on the latest and coolest technologies – everything is home-grown and built ground-up
A dynamic work environment with a strong sense of community and collaboration
The open and transparent culture that encourages innovation, rewards performance and discourages hierarchy
Exciting opportunities for career growth and development
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