Funds for Data Science Platform Hex

San Francisco-based Hex has raised $70 million in a Series C funding round, to speed development of its AI-powered analytics workspace, which aims to accommodate both data scientists and non-specialist business users without compromising the experience for either.

Hex was founded in 2020 by former Palantir employees, and offers an integrated, AI-infused approach bringing users of all levels of technical knowledge together. in one place. The software promises to 'accelerate speed-to-insight, eliminate redundant work and allow data teams to scale impact across their organizations.'

The round was led by Avra, with participation from a16z, Amplify, Box Group, Redpoint, Sequoia, and Snowflake Ventures.

'Data teams shouldn't be stuck rerunning the same analyses, only for their insights to disappear into a forgotten notebook or buried slide' says CEO and co-founder Barry McCardel (pictured). 'The industry is finally waking up to what we've known all along: the old divide between notebooks and BI is broken. AI-native, unified tools are the future, and Hex is leading the charge to replace the outdated, fragmented data stack once and for all.'

Web site: www.hex.tech .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.