Hex
AI-powered workspace for data science and analytics that unifies notebooks, dashboards, and AI.
- Founded
- 2020
- Headquarters
- San Francisco, CA
- Latest Round
- Series C
- Est. Valuation
- ~$700M
Investment Thesis
Hex is the first unified, AI-powered workspace for data science and analytics. Founded in 2020 by a team from Palantir, Hex combines SQL, Python, and visual tools in a collaborative notebook environment with built-in AI capabilities for generating code, insights, and visualizations.
Thousands of leading organizations -- including Reddit, StubHub, HubSpot, Cisco, Figma, Anthropic, Rivian, and the NBA -- trust Hex to analyze data, build models, and drive new insights. The platform aims to create a virtuous cycle of data work where analysis, sharing, and iteration all happen in one place. With $172M in total funding, Hex continues to expand its AI-native analytics capabilities.
Data teams are split between SQL editors, Python notebooks, and BI dashboards — context-switching between tools that don't talk to each other, making analysis slow and insights hard to share with non-technical stakeholders.
Hex unifies SQL, Python, and visualization in a single collaborative notebook with an AI copilot that can write queries, generate charts, and explain findings — making every analyst 3-5x more productive and every stakeholder self-sufficient.
Adopted by data teams at Brex, Notion, Loom, and Figma; the AI assistant (Magic) has become the primary interface for many users, signaling a shift from tool-assisted analysis to AI-driven analysis.
AI copilots can finally generate production-quality SQL and Python from natural language, and the explosion of data warehouses (Snowflake, Databricks, BigQuery) has created a massive market for a modern analytics layer on top.