Hex Technologies Raises $16 Million Series A to Help Data Teams Do More, Together

Company adds Workrise, AngelList, Whatnot, dbt Labs and more to its customer base

Hex Technologies, the collaborative data workspace that empowers organizations to drive impact from their data, today announced that it has raised $16 million in Series A financing, bringing its total funding to $21.5 million. The round was led by Redpoint Ventures with participation from previous investors Amplify Partners, as well as Data Community Fund, Geometry, Operator Collective, Tokyo Black, Vandelay Ventures, XYZ Venture Capital and individual investors.

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“We’re on a mission to help everyone do more with data, together,” said Barry McCardel, Hex’s co-founder and CEO. “Our team is excited to keep pushing analytics workflows even further into the future.”

Redpoint Managing Director Tomasz Tunguz has joined the Hex Board of Directors. Hex will use the funding to grow its exceptional product and go-to-market teams, and continue building its platform.

Hex is the first fully collaborative data workspace, equipping data teams to seamlessly go from idea to insight to sharing. The Hex platform includes real-time collaborative data notebooks, interactive data apps, first-class SQL support and an all-new reactive compute engine. It’s used by data teams at companies like Workrise, Glossier, AngelList, Human Interest, Whatnot, dbt Labs, Setel and dozens of others worldwide.

“We’re on a mission to help everyone do more with data, together,” said Barry McCardel, Hex’s co-founder and CEO. “The fast adoption and incredible reception we are seeing among our users is evidence of a real need. Our team is excited to keep pushing analytics workflows even further into the future.”

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A New Kind of Workspace for Data Teams

Within a typical organization, data scientists and analysts jump between multiple tools to do their work, such as code notebooks, SQL scratchpads and dashboards, and sharing via spreadsheets, screenshots and slides. This fragmentation causes major issues for collaboration, sharing and organization, and limits data teams’ impact. Hex eliminates these problems so that companies can get the most from their data investments.

“Hex has unlocked our team’s analytical ability,” says Nikhil Sabharwal, Head of Data at Human Interest. “Prior to Hex, we communicated through analysis dashboards or decks, which limited our ability to employ complex data structures, statistical methodologies or predictive analytics. With Hex, the potential of our analysts is fully unlocked while maintaining an interactive, easy to understand interface for data consumers.”

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