Ex-Tesla CIO Jay Vijayan's Tekion turns unicorn after $150 mn funding

Former Tesla Chief Information Officer Jay Vijayan's automotive retail tech company Tekion has raised $150 million in fresh funding at a valuation of over $1 billion, making it a unicorn. Founded in 2016 by Chennai-born Vijayan, US-based Tekion has been backed by General Motors, BMW i Ventures and Exor, the holding company of Fiat Chrysler and Ferrari.