Logik.io, a Deerfield, IL-based company empowering CPQ and consumerizing enterprise selling experiences, raised $25M in Series B funding.
Backers included Emergence Capital, High Alpha, ServiceNow Ventures, Salesforce Ventures, and GoBig. Additionally, Permanent Capital joined as a new investor.
The company intends to use the funds to accelerate product development and its business reach.
Led by Christopher Shutts, CEO, Logik.io simplifies transaction processes with a composable AI-powered CPQ solution, which combines a product configuration, discovery, and recommendation engine with a centralized transaction management hub to provide customer-centric experiences that sellers, admins, and customers need and expect.
In recent months, the company has announced several key releases and platform enhancements that depict an ongoing commitment to innovation, including:
- Transaction Manager, which adds pricing and quoting capabilities with millisecond performance and a single-page experience to the company’s composable CPQ platform.
- Cosmo AI, which brings a suite of purpose-built artificial intelligence capabilities to Logik.io to enhance end-user experience, rule writing, administration, product recommendations, and more.
- Migrate, which enables CPQ customers to easily move data to Logik.io from other legacy systems in minutes and with just a few clicks.
- CAD Automation & Visualization, powered by kBridge, which enables manufacturers to generate 3D product visualizations and automate CAD outputs directly from sales configurations.
- Solution Configuration, which allows companies to sell complex combinations of products with maximum efficiency and accuracy.
Logik.io’s Series B funding comes at a time when the company has been accelerating growth through global expansion, strategic partnerships, and new customer wins, with logos including Lamons, Oldcastle, Keysight Technologies, CORT, and more. Recent growth highlights include:
- The opening of a new office in Bengaluru, India, expanding Logik.io’s engineering talent pool and furthering the company’s global presence beyond North America and EMEA.
- New partnerships and integrations with exceptional technology companies including ServiceNow, BigCommerce, Adobe, and Shopify.
- Expansion of new logos and go-lives, with a growing list of customers across industries including manufacturing, high technology, health and medical, complex consumer products, and more.
FinSMEs
09/10/2024