Hex Technologies Raises $16M in Series A Funding

Hex co-founders left to right: CEO Barry McCardel, Chief Architect Glen Takahashi, CTO Caitlin Colgrove (Photo: Business Wire)

Hex Technologies, a San Francisco, CA-based collaborative data workspace that empowers organizations to drive impact from their data, raised $16m in Series A financing, bringing its total funding to $21.5m.

The round was led by Redpoint Ventures with participation from previous investors Amplify Partners, as well as Data Community Fund, Geometry, Operator Collective, Tokyo Black, Vandelay Ventures, XYZ Venture Capital and individual investors. In conjunction with the funding, Redpoint Managing Director Tomasz Tunguz joined the Hex Board of Directors.

The company intends to use the funds to grow its product and go-to-market teams, and continue building its platform.

Led by Barry McCardel, co-founder and CEO, and Glen Takahashi, co-founder and Chief Architect, Hex is a collaborative data workspace, equipping data teams to go from idea to insight to sharing. The platform includes real-time collaborative data notebooks, interactive data apps, SQL support and an all-new reactive compute engine. Using Hex, organizations can connect to data sources like Snowflake, analyze it in a collaborative notebook using SQL and Python, and share work as interactive apps and stories.

The solution is used by data teams at companies like Workrise, Glossier, AngelList, Human Interest, Whatnot, dbt Labs, Setel and dozens of others worldwide.

Additionally, Hex announced an integration with dbt, which enables users to uncover information about the databases in their workspace.