Logik.ai
Category: AI in Marketing
Logik.ai simplifies complex omnichannel transaction processes using an AI-powered, composable CPQ solution that automates sales and commerce operations. Logik.ai was founded in 2021. The company is led by Christopher Shutts. Based in Chicago, IL. Team size: 25. Total funding raised: Over $51M. Latest round: Series B, $25.0M, 2024-10, led by Emergence Capital. Key investors include Emergence Capital, Salesforce Ventures, ServiceNow Ventures, High Alpha, GoBig.ai.
- Founded
- 2021
- Headquarters
- Chicago, IL
- Team size
- 25
- Total funding
- Over $51M
Value proposition
Enables faster deal closures, boosts sales productivity, and streamlines complex product pricing configurations with a modern, consumer-grade experience
Products and solutions
AI-powered CPQ solution, Guided product discovery and configuration, Advanced pricing and quoting automation
Unique value
First-of-its-kind composable AI-powered CPQ solution that streamlines complex sales processes
Target customer
Sales organizations and enterprises with complex pricing and configuration needs
Industries served
Manufacturing, High Tech, Medical Devices, Enterprise Software
Technology advantage
Advanced rules engine providing real-time calculations, scalability, and an intuitive consumer-grade user experience
How they differentiate
Leverages AI to reduce manual processes and deliver a modern, consumer-grade solution in traditionally cumbersome CPQ markets
Main competitors
Salesforce CPQ, SteelBrick
Key partnerships
ServiceNow
Notable customers
Keysight Technologies, CORT, Fike, Club Car, Lamons, Palo Alto Networks
Major milestones
Raised $10M in seed funding Raised $16M in Series A Raised $25M in Series B Acquisition by ServiceNow
Growth metrics
Demonstrated rapid growth with aggressive hiring and an expanding customer base in complex B2B sales sectors
Market positioning
Positioned as an innovative leader in the CPQ market with strong investor backing
Geographic focus
Primarily focused on the US market, with strong operational roots in Chicago
Patents and IP
None publicly disclosed
About Christopher Shutts
Christopher Shutts is a seasoned entrepreneur with extensive experience in the CPQ (Configure, Price, Quote) industry. He co-founded BigMachines, a pioneer in the CPQ space, which was later acquired by Oracle in 2013. Drawing from his deep expertise, he then co-founded Logik.ai to develop a next-generation, AI-powered CPQ solution. His career demonstrates a consistent focus on innovating and leading companies that simplify complex sales processes for enterprise businesses.
Official website: https://www.logik.ai/