Company also adds key leadership hires, doubles live customers, and doubles down on product innovation
DEERFIELD, ILLINOIS ., August 30, 2023 – Logik.io, the company consumerizing B2B selling experiences through its intelligent guided product discovery, configuration, and recommendation engine, today announced the company’s rapid growth and momentum across several measures. Logik.io has reported 300% year-over-year revenue growth from the close of H1 2022 to the close of H1 2023, a doubling of live customers, and the opening of a new, larger headquarters in Deerfield, Illinois.
In adding new customers across key industries including manufacturing, software, building materials, technology, and more, Logik.io has increased revenue growth by a triple-digit percentage, and has also vastly increased the company’s number of live customers. Customers are using Logik.io to simultaneously enhance sales productivity, drive operational efficiency, and improve the buyer experience by streamlining complex product and service configurations across sophisticated products, complicated deal structures, and multi-product solution sales.
Doubling its live customer base, Logik.io is proving one of its unique advantages in the market over legacy enterprise solutions: its ease and speed of setup, implementation, and administration. This advantage is allowing customers to reduce total cost of ownership of their enterprise systems and experience an accelerated time to value compared to previously used solutions.
While Logik.io’s customer portfolio has grown, so too has its workforce. To date in 2023, the company has doubled its headcount, which includes the addition of several key leadership hires and a sizable investment in engineering. Most recently, Logik.io has added three key hires to its leadership team: Russ Halvorsen as Vice President of Product Management, Matthew Asher as Head of Partner Enablement, and Evan Johnson as Head of Customer Success.
To keep up with company growth and support its innovative culture, Logik.io also announces the opening of a new office space in Deerfield Illinois, tripling the size of the company’s prior headquarters. The company’s offices on Lake Cook Rd. in Deerfield, Ill. is now home-base to a growing team of product, development, services, and customer success talent.
“Over the last year, we have seen explosive growth at Logik.io across all fronts. We see our company’s continued growth as proof that Logik.io’s unique approach to CPQ and eCommerce is aligned to what modern sellers and buyers need,” said Logik.io CEO Christopher Shutts.
Logik.io’s growth momentum announcement comes on the heels of the company’s raising $16 million in Series A funding in May 2023. The round was led by Emergence Capital, which also backed high-growth category-leading businesses such as Zoom, Veeva, Box, and G2.
Logik.io will be a Groundbreaker Sponsor of Dreamforce 2023 in San Francisco, CA September 12-14. Sign up to hear from Logik.io customers and meet with the Logik.io team if you’ll be in attendance.
About Logik.io
Logik.io’s Commerce Logic Engine uses intelligent-guided product discovery, configuration, and recommendation capabilities to eliminate high-touch selling processes by connecting customers to perfect-fit products faster. Logik.io’s mission is to make selling simpler and buying better for every business across marketing, selling, commerce, and service channels by filling critical enterprise technology gaps in systems such as CPQ, ERP, and Commerce. For businesses selling manufacturing, software, technology, and services products, Logik.io helps every business grow smarter by creating revenue-maximizing sales experiences, and minimizing cost of sale.
Logik.io is backed by Emergence Capital, Salesforce Ventures, ServiceNow Ventures, and High Alpha.
For more information please visit www.logik.io.
Media Contact
Blake Grubbs
blake@logik.io
603.479.6519