$70M for Hex Breaks Down Technological Barriers Halting Data Value with AI
Hex, the first unified, AI-powered workspace for data science and analytics, is announcing the results of its Series C funding round, which was led by Avra with participation from a16z, Amplify, Box Group, Redpoint, Sequoia, and Snowflake Ventures. Having raised a total of $70 million, Hex accelerates its innovation in AI, data, and analytics.
At its core, Hex aims to transform how organizations unlock value from their data, born from the ongoing state of consolidation led by the biggest tech companies. These acquisitions—such as Google’s 2019 acquisition of Looker for $2.6 billion and Salesforce’s purchase of Tableau for $15.7 billion—has left the data space in a state of turmoil, clunkily merging legacy BI methodology without improving existing limitations, according to Hex.
Hex’s integrated, AI-based approach to data frees enterprises of silos and the barriers separating users of varying technicality levels. Infusing AI into every point of the workflow, Hex’s focus centers on unifying workflows, automating insights, and empowering organizations to effectively use their data.
“For years, the holy grail of data analytics has been a single platform that truly serves both data scientists and business users—without compromise,” said Anu Hariharan, Avra. “Hex has made that vision a reality by building a tool that’s easy to get started with, but powerful enough for advanced users. By combining the flexibility of notebooks with the accessibility of BI in an AI-native platform, they’ve cracked the code. We’re proud to support Hex as they help usher in the long-awaited data decade.”
Thousands of leading organizations currently use Hex to analyze data, build models, and surface new insights, including Reddit, StubHub, HubSpot, Cisco, Figma, Anthropic, Rivian, and the NBA. Its capacity to eliminate redundant work, scale the impact of data teams, and accelerate time-to-insight makes Hex a valuable player in the data stack.
“At Hex, we’ve long believed that our work should compound—that data teams shouldn’t be stuck rerunning the same analyses, only for their insights to disappear into a forgotten notebook or buried slide,” said Barry McCardel, CEO and co-founder of Hex. “The industry is finally waking up to what we’ve known all along: The old divide between notebooks and BI is broken. AI-native, unified tools are the future, and Hex is leading the charge to replace the outdated, fragmented data stack once and for all.”
To learn more about Hex, please visit https://hex.tech/.