Hex Technologies Inc. raises $70 million in new funding to expand operations and enhance its AI-powered data analytics platform.
Founded in 2020 by former Palantir Inc. employees, Hex offers a collaborative data workspace aimed at improving data utilization in organizations.
Hex's platform features a notebook-based interface supporting SQL, Python, and no-code inputs, along with an App Builder for creating interactive data applications without additional coding.
The new funding, totaling $70 million, brings Hex's total raised amount to $172 million, with notable customers including Reddit, Cisco, NBA, and others.