Tekion, a SaaS unicorn focused on the automotive sector founded by former Tesla CIO, has raised $250 million in Series D round with its valuation more than trebling to $3.5 billion.
Tekion, which is headquartered in Silicon Valley, US, has offices in Bengaluru and Chennai. It was founded by Jay Vijayan in 2016, and attained unicorn status last October at a valuation of $1 billion.
The startup will use this fresh funding for market expansion, as well as product development.
