Logik.io provides technology designed to “consumerize B2B buying experiences” through guided product discovery, product configuration and a recommendation engine.
The company will expand its market strategy with $16 million in a Series A funding round, Logik.io announced today.
“Many B2B companies struggle to deliver the low-touch consumerized experiences customers demand today,” co-founder and CEO Christopher Shutts said. “But the businesses who are leading their industries understand that no matter how complex your products are, buyers seek out businesses who make it simple to find, configure, and augment purchases across any channel.”
Logik.io’s clients include Keysight Technologies and Club Car
Logik says its Commerce Logic Engine technology is designed to help B2B buyers find and configure complex products and services from manufacturers, SaaS software providers and service companies. Logik’s customer base includes electric testing equipment manufacturer Keysight Technologies and Club Car, a maker of golf carts and utility vehicles.
The $16 million funding was led by Emergence Capital and joined by ServiceNow Ventures and Salesforce Ventures. Logik.io has now raised a total $26 million since Schutts and Logik.io chairman Godard Abel co-founded the company in 2021. Santi Subotovsky, general partner at Emergence Capital, will join the Logik.io board.
Prior to Logik.io, Schutts and Abel co-founded BigMachines, a configure-price-quote software provider they sold in 2013 to Oracle Corp., which renamed it Oracle CPQ.
Abel also developed Steelbrick, a CPQ software firm now part of Salesforce Inc. In addition, Abel is co-founder and CEO of G2.com, an AI- and ChatGTP-backed online information resource for business software.
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