Logik.ai Company Profile

Background

Logik.ai, formerly known as Logik.io, was founded in 2021 by pioneers of the Configure, Price, Quote (CPQ) industry, including CEO Christopher Shutts and Executive Chairman Godard Abel. The company is dedicated to revolutionizing enterprise sales processes by providing AI-powered, composable CPQ solutions that simplify complex transactions across various channels.

Key Strategic Focus

Logik.ai's strategic focus centers on:

• AI-Powered CPQ Solutions: Delivering advanced configuration, pricing, and quoting capabilities to enhance sales performance and customer experiences.

• Composable Architecture: Offering flexible, modular solutions that integrate seamlessly with existing enterprise systems.

• Omnichannel Support: Enabling consistent and efficient sales processes across multiple channels, including direct sales, e-commerce, and partner networks.

• Global Expansion: Extending market reach through strategic partnerships and the establishment of international offices, such as the new engineering hub in Bengaluru, India.

Financials and Funding

Logik.ai has secured significant funding to support its growth and innovation initiatives:

• Seed Funding (November 2021): Raised over $10 million, led by High Alpha with participation from Salesforce Ventures and other private investors.

• Series A (May 2023): Secured $16 million, led by Emergence Capital, with contributions from ServiceNow Ventures, Salesforce Ventures, High Alpha, and GoBig.

• Series B (October 2024): Obtained $25 million, with continued support from existing investors and new participation from Permanent Capital.

The capital is intended to accelerate product innovation, expand global operations, and enhance AI capabilities within the CPQ platform.

Pipeline Development

Logik.ai has introduced several key products and enhancements:

• Transaction Manager: Adds pricing and quoting capabilities with millisecond performance and a single-page experience.

• Cosmo AI: A suite of AI-driven features enhancing user experience, rule writing, administration, and product recommendations.

• Migrate: Facilitates seamless data transfer from legacy systems to Logik.ai's platform.

• CAD Automation & Visualization: Enables manufacturers to generate 3D product visualizations and automate CAD outputs directly from sales configurations.

• Solution Configuration: Allows companies to sell complex combinations of products with maximum efficiency and accuracy.

Technological Platform and Innovation

Logik.ai's platform is distinguished by:

• Proprietary Solving Engine: Delivers high-performance configuration capabilities, managing complex product logic and calculations efficiently.

• AI-Driven Features: Includes intelligent product recommendations, optimized pricing, and AI-powered rule creation to streamline sales processes.

• Composable Architecture: Ensures flexibility and scalability, allowing seamless integration with existing enterprise systems and e-commerce platforms.

• Omnichannel Support: Provides consistent and efficient sales processes across various channels, enhancing customer experiences.

Leadership Team

• Christopher Shutts: Co-founder and CEO, previously co-founded BigMachines and SteelBrick, bringing extensive experience in CPQ solutions.

• Godard Abel: Executive Chairman, co-founder of BigMachines and SteelBrick, and current CEO of G2, offering deep industry expertise.

• Blake Grubbs: Senior Vice President of Marketing, Business Development & Partnerships, leading strategic growth initiatives.

Competitor Profile

Market Insights and Dynamics

The CPQ market is experiencing significant growth, driven by the increasing need for efficient sales processes and personalized customer experiences. The integration of AI and machine learning is transforming traditional CPQ solutions, enabling businesses to handle complex configurations and pricing models more effectively.

Competitor Analysis

Key competitors in the CPQ space include:

• Oracle CPQ: Offers comprehensive CPQ solutions with robust integration capabilities.

• Salesforce CPQ: Provides cloud-based CPQ services with strong CRM integration.

• SAP CPQ: Delivers enterprise-grade CPQ solutions with extensive customization options.

Logik.ai differentiates itself through its AI-powered, composable architecture, offering flexibility and advanced features that cater to modern enterprise needs.

Strategic Collaborations and Partnerships

Logik.ai has established significant partnerships to enhance its market position and innovation capacity:

• ServiceNow: Integration with ServiceNow's platform to streamline sales and service processes.

• Salesforce: Collaboration to augment Salesforce CPQ with advanced configuration capabilities.

• High Alpha: Partnership providing strategic guidance and investment support.

Operational Insights

Logik.ai's strategic considerations include:

• Market Positioning: Emphasizing AI-driven, composable CPQ solutions to address the limitations of legacy systems.

• Competitive Advantages: Offering high-performance, flexible, and scalable solutions that integrate seamlessly with existing enterprise systems.

• Customer-Centric Approach: Focusing on enhancing customer experiences through personalized and efficient sales processes.

Strategic Opportunities and Future Directions

Logik.ai's strategic roadmap includes:

• Continued AI Innovation: Expanding AI capabilities to further streamline sales processes and enhance user experiences.

• Global Expansion: Establishing additional international offices and partnerships to increase market reach.

• Product Development: Introducing new features and enhancements to address evolving customer needs and market demands.

Contact Information

• Website: www.logik.io

• LinkedIn: Logik.ai LinkedIn Profile

• Twitter: @Logik_io