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Data Science Startup Hex Raises $52M Series B Funding

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Hex, the platform for collaborative analytics and data science, has raised a $52 million Series B led by Andreessen Horowitz. The round also included Snowflake, the Data Cloud company, and Databricks, as well as existing investors Redpoint and Amplify Partners. Hex will use the funds to hire more people and build out its platform to make data work for everyone.

a16z General Partner Sarah Wang has joined the Hex Board of Directors.

Hex was founded in 2019 with a simple premise: Data could be more powerful for more people, if only it could be more collaborative. Hex helps teams create knowledge from their data, though a seamless end-to-end workflow that makes it easy to analyze, collaborate, and share.

According to the company, the Hex editing experience completely re-imagines the legacy notebook format for the modern data stack. It has features like real-time collaboration, first-class SQL support, no-code charts, and reactive, graph-based compute engine. Just as importantly, Hex makes it easy to publish projects as interactive data apps that anyone can use. The drag-and-drop app builder makes wiring in a UI easy, and the knowledge library makes it easy for the rest of the organization to discover relevant applications.

The platform integrates deeply with solutions like Snowflake, Databricks, and dbt, bringing powerful, collaborative analytics into the modern data stack.

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