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Tesla ex-CIO's Tekion triples valuation to $3.5 bn as it raises $250 mn
short by Hiral Goyal / on Tuesday, 5 October, 2021
Tekion, an automotive industry-focused technology startup founded by former Tesla Chief Information Officer Jay Vijayan, has more than tripled its valuation to $3.5 billion after raising $250 million. Durable Capital Partners, Alkeon Capital Management, Hyundai Motor and others participated in the Series D financing round, Vijayan said. Founded in 2016, Tekion achieved unicorn status last October.
read more at BloombergQuint