Logik.io is a composable, AI-powered configure-price-quote (CPQ) platform that enables businesses to manage complex transactions across multiple channels without the limitations of legacy systems. By streamlining configuration, pricing, and quoting processes, Logik.io enhances quoting efficiency by 40% and reduces administrative costs by 50%.
Funding
$50.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses struggle with complex transactions across multiple channels due to the limitations of legacy configure-price-quote (CPQ) systems. These outdated systems lead to inefficiencies in configuration, pricing, and quoting processes, resulting in lost sales and increased administrative overhead.
Solution
Logik.io offers a composable, AI-powered CPQ platform designed to manage complex transactions across various sales channels, overcoming the constraints of traditional CPQ solutions. The platform provides tools for dynamic product discovery, guided configuration, tailored transactions, and flexible agreements. By centralizing transaction management and leveraging AI for automation and recommendations, Logik.io streamlines the sales process and enhances both buyer and seller experiences. The platform's architecture allows businesses to augment existing CPQ systems or implement Logik.io as a complete CPQ suite.
Target Audience
Logik.io targets enterprise businesses across various industries, including manufacturing, building materials, and technology, that require a flexible and scalable CPQ solution to manage complex product configurations and sales processes.
Features
- AI-powered product recommendations and guided selling based on previous configurations
- Point-and-click administration interface for easy rule building and maintenance
- Composable architecture allowing integration with existing systems via API-first model
- Dynamic discovery to provide hyper-relevant product recommendations
- Centralized transaction management across all sales channels
- Role and persona-based permissions for streamlined discounts and approvals
- Real-time auditing and troubleshooting capabilities
- Support for complex pricing and subscription agreements