Tekion Lands Over $4 Billion Valuation in New Dragoneer Deal

Automotive tech startup expects IPO, but says it’s not rushing
Tekion CEO Vijayan is former Tesla chief information officer

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By Katie Roof

July 16, 2024 at 4:30 PM UTC

This article is for subscribers only.

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.