Former Tesla CIO Jay Vijayan’s startup Tekion has raised $150 million in a Serie; C round funding at a valuation of over a billion dollars. The latest funding comes from global private equity investor Advent and also saw participation from Index Ventures, Exor (the holding company of Fiat Chrysler Automobiles and Ferrari), Airbus Ventures and FM Capital. The four-year old startup also counts General Motors, BMW iVentures and Nissan-Renault-Mitsubishi Alliance Ventures as its investors.

(Business Insider)