Leader in Advanced Configuration for Sales and Self-Service eCommerce Grows YoY Revenue by 230%, Doubles Live Customer Base and Team
Logik.io, the company consumerizing enterprise selling experiences with advanced configuration technology, today announced that the company has posted its third consecutive year triple-digit revenue growth. Logik.io has reported 230% year-over-year revenue growth from January 2023 to January 2024, furthering its leadership position, along with a variety of additional growth results.
“Whether it’s investing in customer success and partnerships, adding new capabilities to our solution, or bringing AI to the CPQ space for the first time ever, Logik.io is continually pushing boundaries and leveling up to help our customers deliver exceptional experiences across the lifecycle of any complex transaction.”
Over the same period that Logik.io grew its revenue by 230%, the company also doubled its live customer base. New customers joining the Logik.io roster in 2023 included several Fortune 1000 brands across manufacturing, technology, business services, life sciences, and consumer products.
Logik.io’s new customers are using the company’s advanced configuration solution to simultaneously enhance sales productivity, drive operational efficiency, and improve the buyer experience by streamlining complex product and service configurations for sophisticated products, complicated deal structures, and multi-product solution sales.
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Furthering Logik.io’s impressive revenue and customer growth, additional key highlights across the company’s fiscal year ending in January 2024 include:
- Logik.io doubled the size of its internal team, adding key resources focused on customer support, sales and marketing, and product innovation.
- Logik.io onboarded and provided training for 90+ implementation partners to drive increased customer success.
- Logik.io customers dramatically increased their utilization of the company’s Commerce Logic Engine, creating over 2.9 million more configurations in 2023 vs. 2022.
- Logik.io opened a new and expanded headquarters in Deerfield, Illinois to serve as the company’s home base.
- Logik.io expanded its international presence by opening the company’s first EMEA-based office in Belfast.
- With the launch of Cosmo AI, Logik.io became the first vendor to introduce artificial intelligence specifically for the CPQ and complex eCommerce space.
“Logik.io’s impressive growth is a direct result of our unwavering commitment to innovating for our customers,” said Christopher Shutts, CEO of Logik.io. “Whether it’s investing in customer success and partnerships, adding new capabilities to our solution, or bringing AI to the CPQ space for the first time ever, Logik.io is continually pushing boundaries and leveling up to help our customers deliver exceptional experiences across the lifecycle of any complex transaction.”
Logik.io continues its strong momentum after its raising of $16 million in Series A funding, announced in May 2023. This critical round of funding was led by Emergence Capital, with contributions from ServiceNow Ventures, Salesforce Ventures, High Alpha, and GoBig.