Tekion
Founded Year
2016Stage
Growth Equity | AliveTotal Raised
$600MValuation
$0000Last Raised
$200M | 4 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+147 points in the past 30 days
About Tekion
Tekion is a technology company specializing in cloud-native platforms for the automotive industry. Their 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.
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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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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)
1,698 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Unicorns- Billion Dollar Startups
1,249 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 |
|---|---|---|---|---|
10/22/2021 | 10/1/2024 | Machine learning, Database management systems, SQL, Relational database management systems, Artificial intelligence | Grant |
Application Date | 10/22/2021 |
|---|---|
Grant Date | 10/1/2024 |
Title | |
Related Topics | Machine learning, Database management systems, SQL, Relational database management systems, Artificial intelligence |
Status | Grant |
Latest Tekion News
Oct 25, 2024
News Provided By Share This Article Retail Cloud Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033 The Business Research Company’s Retail Cloud Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033 You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs” — The Business Research Company LONDON, GREATER LONDON, UNITED KINGDOM, October 25, 2024 / EINPresswire.com / -- The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only! The retail cloud market has experienced significant growth in recent years. It is projected to increase from $33.1 billion in 2023 to $39.18 billion in 2024, reflecting a compound annual growth rate (CAGR) of 18.3%. Factors driving growth during the historical period include the shift from legacy systems, the rise of mobile commerce, the demand for omnichannel experiences, and improvements in supply chain efficiency. What Is the Projected Market Size of the Global Retail Cloud Market and Its Growth Rate? The retail cloud market is anticipated to experience substantial growth over the next several years. It is projected to reach $81.02 billion by 2028, achieving a compound annual growth rate (CAGR) of 19.9%. Factors contributing to this growth during the forecast period include improved cybersecurity measures, advancements in sustainable and green computing, and challenges related to regulatory compliance. Dive Into Detailed Insights of the Global Retail Cloud Market with a Free Sample Report: What are the Key Drivers Fueling Growth in the Retail Cloud Market? The growth of the e-commerce sector is projected to drive the expansion of the retail cloud market in the future. E-commerce encompasses the purchasing and selling of products and services via the Internet. 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Key players in the market include Alphabet Inc., Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, NTT Limited, Amazon Web Services Inc., Accenture PLC, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, SAP SE, Salesforce.com Inc., Cognizant Technology Solutions Corp, Baidu Inc., Adobe Inc., VMware Inc., Atos SE, Workday Inc., T-Systems International GmbH, Infor Inc., Rackspace Technology Inc., Nutanix Inc., Blue Yonder Group Inc., Epicor Software Corporation, Lightspeed Commerce Inc., JDA Software Group Inc., Tekion Corp, SPS Commerce Inc., SymphonyAI Retail CPG What Are The Emerging Trends Shaping The Growth Of The Retail Cloud Market? Key players in the retail cloud market are intensifying their efforts to launch retail analytics platforms, such as EY Retail Intelligence, to enhance their revenue potential. EY Retail Intelligence serves as a holistic analytics solution that leverages data-driven insights to assist retailers in making informed strategic decisions, enhancing customer experiences, and optimizing operational efficiency throughout the retail value chain. What Are the Segments of the Global Retail Cloud Market? 1) By Type: Channel Operations, Supply Chain Management, Customer Management, Merchandising, Workforce Management, Reporting and Analytics, Data Security 2) By Service Model: Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS) 3) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud 4) By Organization Size: Small and Medium Enterprise, Large Enterprise Geographic Overview: North America at the Helm of the Retail Cloud Market North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. How Is The Retail Cloud Market Defined? Retail cloud refers to a cloud-based retail solution that integrates artificial intelligence (AI) and data analytics, enabling retailers to create products that respond to consumer feedback. Through cloud computing, retailers can gather insights from online sources to better address customer needs. This technology facilitates the optimization of supply chains and logistics while providing high-quality and seamless customer experiences. The Retail Cloud Global Market Report 2024 from The Business Research Company includes the following key information: • Market size data for both historical and future periods • Analysis of both macro and microeconomic factors that have impacted the market over the past five years • Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa • Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. Overview of the Global Retail Cloud Market Report: Trends, Opportunities, Strategies, and More The Retail Cloud Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into retail cloud market size , retail cloud market drivers and trends, retail cloud competitors' revenues, and retail cloud market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential. Retail And Wholesale Global Market Report 2024 What Services Does The Business Research Company Offer? The Business Research Company has published more than 15,000 reports spanning 27 industries and over 60 regions. Our research is supported by 1.5 million datasets, thorough secondary research, and unique insights gained from interviews with industry experts. We offer ongoing and customized research services, featuring a variety of specialized packages designed to meet your specific needs, such as Market Entry Research, Competitor Tracking, Supplier & Distributor Packages, and many others. Our flagship product, the Global Market Model, serves as a leading market intelligence platform that provides comprehensive and updated forecasts to facilitate informed decision-making. Oliver Guirdham
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, Hyundai Motor Company, Alkeon Capital Management 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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