Hex, a San Francisco, CA-based AI-powered unified workspace for data science and analytics, has raised $70 million in Series C funding.
Investors
The round was led by Avra, with participation from a16z, Amplify, Box Group, Redpoint, Sequoia, and Snowflake Ventures.
Avra is an investment firm dedicated to empowering growth-stage founders with the tools and foundation they need to scale their companies successfully post-Series A. It offers both growth-stage funding and a seven-week mentorship program. Founded in 2023, the firm targets sectors such as fintech, blockchain, and Web3.
Hex Use of Funds
The company will use the funds to develop its AI-native platform further, expand its team, and scale its mission to unify data workflows and make analytics accessible across organizations.
About Hex
Founded in 2020, Hex is an AI-powered workspace for data science and analytics. The company offers a suite of integrated products designed to streamline data workflows, enhance collaboration, and empower both technical and non-technical teams. It enables practitioners to develop insights faster and allows more people within organizations to engage with the results, ultimately increasing the value of data and data teams. Hex serves thousands of organizations, including Reddit, StubHub, HubSpot, Cisco, Figma, Anthropic, Rivian, and the NBA.
Funding Details
Company: Hex Technologies Inc.
Raised: $70.0M
Round: Series C
Funding Date: May 2025
Lead Investor: Avra
Additional Investors: a16z, Amplify, Box Group, Redpoint, Sequoia, Snowflake Ventures
Company Website: https://hex.tech/
Software Category: AI Data Science & Analytics, Business Intelligence
Source: https://www.businesswire.com/news/home/20250528505112/en/