Automotive software platform Tekion opens new office in Bengaluru; to increase headcount by over 300

Jay Vijayan, CEO, Tekion Corp

Tekion, an automotive software platform backed by former Tesla chief Information officer Jay Vijayan, has moved into a newer and bigger office in Bengaluru. The cloud-native platform serving the automotive retail ecosystem also plans to hire more than 300 professionals in product, design and engineering roles, the company said in a release on January 6.

The California-headquartered firm has onboarded over 52 original equipment manufacturers (OEM) brands on its platform and is used by some of the leading vehicle dealers in the US, Canada and Great Britain, it said.

The platform uses big data, machine learning, and artificial intelligence (AI) to bring together OEMs (automotive assembly), retailers (vehicle dealers), and consumers.

Binu Mathew, CTO, Tekion, said the company would continue to leverage the best talent to transform automotive retail. "We are increasing our AI, engineering, design, and product management professionals by over 300 globally, especially in India. We are scaling our product, technology, and AI infrastructure to support rapid growth, accelerate AI-based disruption of legacy business processes, and reinforce our position as the industry's innovation leader,” Mathew said.

Also read: Will be profitable by 2025, a higher priority than IPO: Tekion CEO Jay Vijayan

Tekion has taken on lease 240,000 square feet office space in Bagmane Solarium City, Brookfield, to accommodate up to 2,300 employees.

Tekion employs close to 3,000 employees across North America, Asia, and Europe. Founded in 2016, Bengaluru serves as the APAC headquarters and Chennai as the regional centre.

In 2024, the company announced funding of $200 million in growth equity capital from Dragoneer Investment Group, taking its valuation to over $4 billion.

The funding announcement followed Tekion’s performance in 2023, with annual run rate revenue growth of 97 percent year-on-year. Its revenue was over $100 million by the end of 2023.

Also read: We are Salesforce but 20 years in the future: Tekion CEO