2023 was an incredibly exciting year for Logik.io, not to mention for our customers, partners, and the industry as a whole. There was partnership. There was innovation. There was growth. It really was one for the books.
When we look back and reflect on the year that was 2023, a few key themes spring to mind…
Advancing Configuration & Commerce
At Logik.io, we’ve never been satisfied with the status quo in CPQ, so 2023 was focused on continuing to push boundaries of what’s possible for advanced product configuration. At the same time, we rallied our team, partners, and customers around the idea that even the most complex businesses can embrace a consumerized approach to digital commerce.
Our team worked tirelessly to propel advanced configuration and complex commerce in 2023.
One standout moment was the introduction of Product Picker, which has added more flexibility than ever to our configuration engine, enabling users to choose attribute-based or product-based approaches based on their unique needs. Bar: raised.
At the same time, as our client base has grown exponentially over the last year, we’ve seen a virtual explosion of configurations and rules within Logik.io. We’re talking hundreds of thousands of rules and well over a million configurations created within Logik.io in one year–and we don’t plan on slowing down anytime soon.
2023 BY THE NUMBERS
- Our customers created more than 461,000 rules in Logik.io’s configuration engine
- Nearly 1.6 million configurations were saved in Logik.io
- Our customers had an average of 12,000 configurations running each day in Logik.io
- Our customers had more than 16,000 products linked to blueprints
Leading with Innovation
One of Logik.io’s core values is to ‘Lead with Innovation,’ and we lived this value to the fullest in 2023.
Last year was inarguably the year of artificial intelligence, as we saw unprecedented advancement in this area across every industry. At Logik.io, we knew AI could present incredible opportunities to innovate for our customers, but we wanted to be thoughtful about how we brought AI-centric tools and capabilities to market.
So, that’s exactly what we did.
In late 2023, we introduced Cosmo AI, a first-of-its-kind suite of AI capabilities designed specifically for CPQ and complex commerce. The initial launch included the availability of Cosmo FunctionAssist, an intelligent rule-writing assistant built to simplify configuration administration by using generative AI to create advanced rules.
And that’s not all.
Throughout 2023, our team introduced hundreds of new features in Logik.io while also delivering a long list of UX improvements and dozens of training sessions, all designed to enable our customers to continually level up their configuration and complex selling processes.
2023 BY THE NUMBERS
- Logik.io became the first company to launch AI features for CPQ and complex commerce
- Our team released 576 new features in Logik.io
- Our product team completed 78 UX improvements to level up Logik.io throughout the year
- We delivered 36 live training courses for Logik.io customers
Driving Growth and Scale
Logik.io grew by leaps and bounds in 2023.
Triple-digit revenue growth? Check. Doubling our live customers? Check. Series A funding? Check. Adding tons of new talent to the Logik.io team? Check. Gaining thousands of new followers on LinkedIn? Check.
By literally every measure we can think of, Logik.io had a huge year in 2023.
2023 BY THE NUMBERS
- Logik.io raised $16 million in Series A funding
- Logik.io exceeded more than 300% year-over-year revenue growth
- The Logik.io team grew by 51% in 2023
- Logik.io moved into expanded headquarters in Deerfield, Illinois
- We expanded our team internationally, opening our first EMEA office in Belfast
But we aren’t saving all the celebrations for ourselves alone. Our customers have leveled up and grown, too. At the end of the day, we believe that the truest measure of our success is when our customers succeed. So, it has been exciting to see our customers growing and scaling with Logik.io.
We’ve welcomed many new customers to the Logik.io roster, including Glenroy, Teradata, PowerSecure, Rockwell Automation, Tuff Shed, and more. With these and our other new customers and partners, we’ve seen some truly awesome examples of Logik.io supporting strategic business transformation initiatives that are making buying and selling simpler, even in the most complex industries.
2023 BY THE NUMBERS
- Our customers initiated over 2.9 million more configurations in Logik.io in 2023 vs. 2022
- Logik.io doubled our number of live customers
- We had 2,200+ unique user logins created in Logik.io
- We have 90+ amazing organizations as part of our Partner program
2024, We’re Ready for You
We’ll admit, 2024 has big shoes to fill. But the Logik.io team is revved up and taking on this new year with an unwavering commitment to our values, a pursuit of excellence for our customers, and some exciting new developments on the horizon.
Our outlook for 2024?
This year will deliver even greater innovation in our space, and Logik.io intends to continue leading the way in writing the next era of advanced configuration, CPQ, and complex commerce.
Well, 2023, it looks like that’s a wrap. 2024, it’s on.
