Hex announces a new funding round to transform its long-standing vision into reality – a single data analytics platform for beginners and advanced users.
Hex Technologies is driven by a single purpose: to help organizations gauge the maximum potential of their data sets.
Data is a goldmine for every business, whether to assess buyer behavior or develop the next-gen AI model. With clean data in hand, organizations personalize all their operations and make informed decisions. But very few businesses know that leveraging data transcends the mundane – from security to creativity, it embodies versatility.
And sets your operations in the right direction.
Enter Hex.
The tech organization offers a collaborative workspace to streamline analytics and workflows. And beyond this, its central offering is a notebook-based interface. The platform allows creative visualization, data analysis, and model building.
The company’s software supports Python, no-code inputs, and SQL. Additionally, its execution models ensure consistency across analyses and allow it to convert into interactive boards.
And the best advantage? All of this doesn’t require extra coding.
Decision-makers can easily access these dashboards to become more informed by data. And AI is at the heart of these processes. It helps teams eliminate redundancy and analyze the impact across the entire organization.
The Series C funding round is a significant step to help Hex innovate further and boost its capabilities. It was led by Avra Capital and supported by Red Point Ventures LP, Box Group, Amplify Partners, Snowflake Ventures, and Sequoia Capital Operations.
While the previous record was previously held by Series B with a total of $52 million, the latest Series C round raised $172 million – a new record.