Tekion, a California-based company which brings connected digital experiences to automotive retail through Machine Learning and Artificial Intelligence capabilities, received an investment from Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi.
The amount of the deal was not disclosed.
Led by Founder and Chief Executive Officer, Tekion provides a cloud ML/AI, Big Data and Internet of Things platform, which brings a digital experience from online to in-store. The platform is offered to car dealerships across the United States who seek a better way to do business while providing customer experiences and increasing efficiency, revenue and retention.
The company employs over 150 innovators.
This investment will enable the company to continue to create integrated experiences that connect OEMs, dealers, and consumers.