The round was led by Connect Ventures, along with existing investor Inventure, and participation from Alliance VC, Antler, and Greens. The new funding will be used to accelerate product development and help Steep reach more companies globally.

Steep allows companies to set up a catalog of metrics which all users can use freely to do analysis and create reports. The product is designed to enable all users to work with data in a way that was “previously reserved for data analysts”.

“We built Steep to allow everyone to leverage data like they have the full support of a data analyst. To better support their organizations, data teams like the one at Voi, are moving off legacy tools and choosing Steep to make data accessible and truly useful for everyone. The feedback has been incredibly positive.” commented Johan Baltzar, Co-founder and CEO of Steep.

Steep also announced that it’s releasing an AI-enabled interface, building on its promise to provide users with an easy and intuitive way to explore data. With this new interface, users can input their data requirements using natural language, and then explore, share or save the generated chart to a report.

“Steep has already made a big impact at Voi. Using metrics instead of dashboards is definitely a mindset shift, but the benefits are worth it. It’s helping all our users to do much more on their own and allows our data team to work smarter and move faster.” shared Magnus Dahlbäck, Senior Director Data and Platform at Voi

Steep also announced that it’s releasing an AI-enabled interface, building on its promise to provide users with an easy and intuitive way to explore data. With this new interface, users can input their data requirements using natural language, and then explore, share or save the generated chart to a report.

Pietro Bezza, Co-Founder and Managing Partner of Connect Ventures, said about the factors driving their investment decision: “Top product founders obsessed by user-centricity. A giant market category dominated by unloved old products. A platform shift: Steep’s is natively built for the semantic layer, the core technology shift occurring in the data infrastructure. These three are the ingredients that made us at Connect thrilled to partner with Johan and Nino. BI is the only layer in the new modern stack without a new multi-billion leader, and Steep is building the product to win it.”