Hex raises $100M at a $1.2B valuation and rebuilds its analytics platform for AI agents
Hex raised $100M at a $1.2B valuation, led by Peak XV and 137 Ventures, and released Hex 4.0, a rewrite of its analytics platform built for AI agents.
Data analytics company Hex has closed a $100M round at a $1.2B valuation, led by Peak XV and 137 Ventures, with a16z, Sequoia, Amplify, Redpoint and others participating. Hex did not name the round; Forbes described it as a Series D. (Hex; Forbes)
Alongside the raise, Hex released Hex 4.0, a from-scratch rewrite of its product built around AI agents. The new platform is defined in code so that agents such as Claude Code, Codex and Cursor can work with it, pulling context from Hex and sending results back for sharing and governance. CEO Barry McCardel told Forbes the team spent recent months "effectively rebuilding the product from scratch." (Hex; Forbes)