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Image Credit: Siliconangle

Hex raises $70M to expand AI-powered data analytics platform

  • 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.

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