# Logik.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/logik-io

- Industry: Software
- Headquarters: Chicago, US
- Website: www.logik.io
- Total disclosed funding: $46M
- Latest round: Series B (Oct 8, 2024)
- Investors on record: 5

## About

Logik.io Inc. is a US-based software company specializing in innovative Configure, Price, Quote (CPQ) solutions that harness artificial intelligence to enhance sales processes for businesses across various industries.Founded in 2021 in Chicago, US, Logik.io offers CPQ software solutions designed to optimize sales operations. The company has successfully secured USD 20.765 mn in Series B funding in October 2024, with notable investors including Permanent Capital, High Alpha Capital, Salesforce Ventures, and ServiceNow Ventures. The firm has completed a total of 4 deals to date. Christopher Shutts, Fazal Gupta, Jeffrey Wilkins, and Richard Jones are the founders, with Shutts also serving as the CEO.Logik.io provides an advanced CPQ platform that leverages artificial intelligence to streamline sales processes. Its core product features an AI-powered engine for hyper-relevant product recommendations, intuitive configurations, and efficient transaction management across sales channels. The platform caters to industries such as manufacturing, health and life sciences, and tech hardware, and is utilized globally in North America, Europe, and Asia-Pacific.Logik.io operates on a subscription-based revenue model, allowing clients to access its CPQ platform through tailored pricing tiers. This model supports B2B transactions for a comprehensive suite of services, including product configuration, pricing management, and transaction oversight, designed to improve quoting efficiency and reduce administrative costs.In October 2024, Logik.io raised USD 20.76 mn in Series B funding to accelerate CPQ innovation and further expand the company's growth. Future plans include the development of new products aimed at enhancing its platform capabilities and targeted market expansion into additional regions. The company is focused on optimizing its offerings to meet evolving customer needs and increase its market presence.

## Funding rounds

- Series B, Oct 8, 2024, $21M — Salesforce Ventures, High Alpha, ServiceNow Ventures, Permanent Capital
- Series A, Apr 28, 2023, $16M — Emergence Capital, Salesforce Ventures, High Alpha, ServiceNow Ventures
- Seed, Nov 18, 2021, $10M — Salesforce Ventures, High Alpha

## Investors

- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Seed, Series A, Series B
- High Alpha (https://capitalatlas.ai/funds/high-alpha) — Seed, Series A, Series B
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series A
- ServiceNow Ventures (https://capitalatlas.ai/funds/servicenow-ventures) — Series A, Series B
- Permanent Capital (https://capitalatlas.ai/funds/permanent-capital) — Series B