Logik.io has secured $25 million in Series B funding to enhance its AI-powered CPQ platform and accelerate global growth. The company is focusing on expanding its presence with new offices and strategic partnerships while continuing to innovate with features like Transaction Manager and CAD Automation. With support from key investors and new clients, Logik.io is positioned for sustained growth across multiple industries.
Breaking Down Logik.io’s $25 Million Funding and Its Investors
Logik.io has successfully secured $25 million in Series B funding, which will be used to accelerate its development of AI-powered CPQ (Configure, Price, Quote) solutions. This round saw the continued involvement of all Series A investors, signaling strong confidence in the company’s vision and execution. Investors such as Emergence Capital, High Alpha, Salesforce Ventures, ServiceNow Ventures, and GoBig have once again committed to supporting Logik.io. Additionally, Permanent Capital joined as a new investor, further expanding the company’s financial backing.
This financial support signifies growing interest in CPQ solutions that are not only scalable but also adaptable to various industry needs. It’s clear that the current backers see Logik.io as a leader in modern CPQ technologies.
How Logik.io is Shaping the Future of CPQ with AI
Logik.io’s advancements in CPQ software are centered around leveraging artificial intelligence to improve the efficiency of complex business transactions. The integration of AI tools into their platform transforms how companies handle quoting, pricing, and configuring products in real-time.
Key innovations from Logik.io include:
- Transaction Manager: This feature enhances pricing and quoting capabilities, delivering millisecond performance through a simplified single-page experience.
- Cosmo AI: A suite of AI-powered tools designed to streamline rule writing, improve administration, and offer precise product recommendations.
- CAD Automation & Visualization: A powerful tool for manufacturers that automates the creation of 3D product visualizations and CAD outputs directly from sales configurations.
These features underscore how Logik.io is making CPQ systems more accessible and efficient, moving beyond legacy models to offer solutions that prioritize speed and accuracy.
Global Expansion and Strategic Partnerships: A Key to Growth
The Series B funding is also helping Logik.io strengthen its international presence. One of the significant steps toward this goal is the opening of a new office in Bengaluru, India. This move not only expands the company’s geographic footprint but also provides access to a deeper engineering talent pool, ensuring the continuous development of its platform.
Strategic partnerships have also played a critical role in Logik.io’s growth. The company has established collaborations with industry leaders such as ServiceNow, Adobe, BigCommerce, and Shopify. These alliances enhance Logik.io’s ability to integrate seamlessly into various digital commerce ecosystems, making its CPQ solutions more versatile for businesses with diverse needs.
New Logos and Customer Wins Across Multiple Industries
Logik.io has made strides in acquiring new customers across a broad range of industries. The company’s recent client list includes Lamons, Oldcastle, Keysight Technologies, and CORT, among others. These organizations represent a variety of sectors, including manufacturing, healthcare, and consumer products.
The addition of these high-profile customers underscores Logik.io’s ability to address the complex configuration needs of different industries. By supporting companies with diverse product offerings, Logik.io is broadening its reach and establishing itself as a key player in the CPQ landscape.
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CPQ Innovation: What’s Next for Logik.io
The new funding will further drive Logik.io’s mission to innovate and enhance its CPQ offerings. Plans for future product development include additional AI capabilities that aim to improve not just the end-user experience but also the backend efficiency of CPQ operations. Enhancements to the company’s existing features, such as better data migration tools and improved customer-centric functionality, are expected.
The focus remains on creating a platform that is flexible enough to cater to both simple and complex sales scenarios, ensuring maximum efficiency and accuracy across all configurations.
Why Logik.io’s Growth is Likely to Continue
Logik.io’s strong financial backing, combined with its focus on AI-driven CPQ solutions, positions the company for continued growth. The return of Series A investors and the addition of new backers like Permanent Capital highlight the confidence in the company’s long-term potential. Its expanding customer base, strong technology partnerships, and global presence are further indicators of sustainable growth.
By continually refining its platform and making strategic moves to enter new markets, Logik.io is well-positioned to remain at the forefront of CPQ innovation for years to come.
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