Hex Technologies Raises $100M Series D at $1.2B Valuation

Hex Technologies, a San Francisco-based data analytics startup, has raised $100 million in Series D funding, bringing its post-money valuation to $1.2 billion. The company offers a collaborative platform for data teams that integrates SQL, Python, and R workflows.

Investors

The round was led by Peak XV Partners, with participation from existing investors Andreessen Horowitz (a16z), Sequoia Capital, and Amplify Partners.

Hex Technologies Use of Funds

Hex Technologies plans to use the capital to develop its AI-powered data workflows, expand its engineering and product teams, grow its global enterprise business, and improve its cloud data workspace infrastructure.

About Hex Technologies

Founded in 2026 by CEO Barry McCardel, CTO Caitlin Colgrove, and chief architect Glen Takahashi, Hex provides a collaborative data analytics platform that supports SQL, Python, R, visual workflows, and interactive data applications. The company is currently transitioning toward an AI agent-first analytics platform.

Funding Details

Company Website: https://hex.tech

Company: Hex Technologies
Raised: $100M
Round: Series D
Funding Date: October 27, 2026
Lead Investor: Peak XV Partners
Additional Investors: Andreessen Horowitz (a16z), Sequoia Capital, Amplify Partners
Software Category: Data Analytics
Source: https://www.globalstartupsinsights.com/funding/san-francisco/hex-technologies-raises-100-million-series-d-at-1-2-billion-valuation/