Tekion
Tekion develops a cloud-native, AI-powered platform for the automotive industry, connecting dealers, manufacturers, and consumers on a single system.
Secondary Market Price
Secondary Market Price
How Tekion Measures Up
To help you manage your Tekion equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Tekion Prices
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Company Description
Tekion is a technology company that develops a cloud-native platform for the automotive retail industry. The platform utilizes artificial intelligence and machine learning to connect automotive manufacturers, dealerships, and consumers. Its primary products include the Automotive Retail Cloud (ARC) for dealers, the Automotive Enterprise Cloud (AEC) for manufacturers, and the Automotive Partner Cloud (APC) for industry partners. Founded in 2016 by Jay Vijayan and Guru Sankararaman, the company has grown to several thousand employees with offices in the United States, India, and the United Kingdom. By October 2021, Tekion had reached a market valuation of $3.5 billion, and as of May 2022, its platform had processed $4 billion in retail transaction volume.
The company continues to expand its platform's capabilities and customer base. In August 2024, Tekion raised $200 million in a private equity round. Recent product developments include the launch of 'Lead Snapshot,' a generative AI tool designed to provide sales teams with key customer details. Tekion has also highlighted customer use cases, such as Jack Burford Chevrolet completing a General Motors warranty audit in a single day using the ARC platform and Asbury Automotive Group using the platform to modernize its operations. The company plans to showcase its technology at future industry events, including NADA 2026 in Las Vegas.
- Dragoneer Investment Group
- Alkeon Capital Management
- Durable Capital Partners
- Hyundai Motor Company
- Advent International
- Index Ventures
- Exor
- Airbus Ventures
- General Motors
- BMW i Ventures
- Renault-Nissan-Mitsubishi Alliance Ventures
- FM Capital
- Storm Ventures
- AME Cloud Ventures
- Co-Founder, Jay Vijayan
- Co-Founder, Guru Sankararaman
- Co-Founder, Kalirajan Anbumani
Peer Group Comparison
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Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Tekion worth joining?
Deciding whether to join a company like Tekion involves evaluating its culture, growth prospects, and the value of its compensation package. Tools like Prospect can help you understand and model the potential future value of your equity, giving you a clearer financial picture for your decision.
What should I do with my Tekion stock?
Managing stock in a private company like Tekion requires a clear strategy for exercising options, minimizing taxes, and planning for liquidity events. Platforms like Prospect offer personalized, tax-optimized strategies to help you maximize the post-tax value of your equity.
Can you sell Tekion stock?
As Tekion is a private company, selling stock is generally restricted to specific events like tender offers or secondary market sales, subject to company approval. If you have an opportunity to sell, tools from Prospect can help you decide how much to sell and which shares are the most tax-optimal.
How can I find the value of my Tekion stock?
The value of private stock is typically determined by a 409A valuation, which may not reflect its potential future worth. To get a better forecast, you can use platforms like Prospect, which use predictive models trained on venture capital data to project your equity's future value.
What is Tekion's equity worth?
The precise worth of your Tekion equity depends on the company's valuation, your number of shares, and future growth, which can be difficult to calculate. Services like Prospect can help by analyzing your specific holdings and providing customized projections on your net equity value after taxes.
What is Tekion's stock ticker symbol?
Since Tekion is a private company, it is not traded on a public stock exchange and therefore does not have a stock ticker symbol. A ticker symbol will only be assigned if the company undergoes an Initial Public Offering (IPO).
Can I buy or sell Tekion stock?
Buying stock in a private company like Tekion is typically limited to accredited investors or during specific funding rounds, while selling is often restricted to company-approved tender offers. If you are an employee with an opportunity to sell, tools from Prospect can help you navigate the process and optimize for taxes.
What is the criteria to buy or invest in Tekion stock?
Investing in a private company like Tekion is generally restricted to accredited investors participating in private funding rounds or employees receiving equity as part of their compensation. These opportunities are not typically available to the general public on an open market.
