About Hex
Hex is a company based in San Francisco (United States) founded in 2019 by Barry Mccardel, Caitlin Colgrove, and Glen Takahashi.. Hex has raised $171.5 million across 5 funding rounds from investors including Databricks, Snowflake and Sequoia Capital. The company has 125 employees as of December 31, 2024. Hex has completed 1 acquisition, including Hashboard. Hex offers products and services including Notebooks, Magic AI, App Builder, and Explore. Hex operates in a competitive market with competitors including Deepnote, Count, Noteable, Fiberplane and Tile, among others.
- Headquarter San Francisco, United States
- Employees 125 as on 31 Dec, 2024
- Founders Barry Mccardel, Caitlin Colgrove, Glen Takahashi
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hex Technologies Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$171.5 M (USD)
in 5 rounds
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Latest Funding Round
$70 M (USD), Series C
May 28, 2025
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Investors
Databricks
& 11 more
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Employee Count
125
as on Dec 31, 2024
- Investments & Acquisitions
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Products & Services of Hex
Hex offers a comprehensive portfolio of products and services, including Notebooks, Magic AI, App Builder, and Explore. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Interactive platform for SQL, Python, and data exploration.
Generates queries and visualizations for faster analysis.
Builds interactive apps and dashboards for data sharing.
Facilitates fast, flexible data exploration without coding.
Unlock access to complete
Funding Insights of Hex
Hex has successfully raised a total of $171.5M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $70.0M
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First Round
First Round
(01 Jul 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series C - Hex | Valuation | avra | |
| Mar, 2023 | Amount | Series B - Hex | Valuation | Sequoia Capital | |
| Mar, 2022 | Amount | Series B - Hex | Valuation | a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hex
Hex has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Databricks, Snowflake and Sequoia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Technical founders are supported through early-stage venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hex
Hex has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hashboard. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Business intelligence platform enables data metric definition and team collaboration.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hex Comparisons
Competitors of Hex
Hex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Deepnote, Count, Noteable, Fiberplane and Tile, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based programming notebooks for developers are offered by Deepnote.
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| domain | founded_year | HQ Location |
Notebook interface platform is provided for data access and insights.
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| domain | founded_year | HQ Location |
Notebook interface for unstructured data analytics is provided.
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| domain | founded_year | HQ Location |
Open-source collaborative notebooks are provided for infrastructure debugging.
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| domain | founded_year | HQ Location |
Operational efficiency is improved through process analysis by Tile.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hex
Frequently Asked Questions about Hex
When was Hex founded?
Hex was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Hex located?
Hex is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Hex?
Barry Mccardel is the current CEO of Hex. They have also founded this company.
Is Hex a funded company?
Hex is a funded company, having raised a total of $171.5M across 5 funding rounds to date. The company's 1st funding round was a Series B of $52M, raised on Jul 01, 2020.
How many employees does Hex have?
As of Dec 31, 2024, the latest employee count at Hex is 125.
What does Hex do?
Hex was founded in 2019 in San Francisco, United States, as a provider in the business intelligence sector. A collaborative data workspace is offered, enabling the transformation of ideas into analysis through query writing and data frame manipulation. Solutions for schema browsing are included, along with a dashboard for generating multiple data visualizations. Operations focus on supporting application development in a shared environment.
What products or services does Hex offer?
Hex offers Notebooks, Magic AI, App Builder, and Explore.
How many acquisitions has Hex made?
Hex has made 1 acquisition, including Hashboard.
Who are Hex's investors?
Hex has 12 investors. Key investors include Databricks, Snowflake, Sequoia Capital, Andreessen Horowitz, and Amplify Partners.
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