Hex raises $100M at $1.2B valuation, rebuilds product for AI agents
Hex Technologies has launched Hex 4.0, rebuilt from scratch for AI agents, and raised $100 million at a $1.2 billion valuation led by Peak XV and 137 Ventures.
SUMO· the number puzzle
Dialo· learn languages by speaking
ediviewer· read EDI files like documents
giftdetect· the right gift in minutesData analytics company Hex Technologies announced on October 27 (US time) that it has released Hex 4.0, a ground-up rebuild of its product, and raised $100 million in a round led by Peak XV and 137 Ventures. The round values the company at $1.2 billion. Amplify, Avra, a16z, Next Legacy, Redpoint, Sequoia and Zero Prime also took part. Hex plans to use the money to grow its team and strengthen sales.
Hex lets company data teams and employees analyze data and share the results. Python, SQL and no-code tools work together in a single notebook, and the output can be published as a "data app" that anyone can interact with. Users can ask questions in natural language and an AI agent assembles the analysis. Questions can also be sent from Slack, Claude, Cursor and Codex. The company says it has more than 2,500 customers worldwide, with employees of Notion, Ramp and Lovable among its users.
Why a rebuild
According to the company, bolting AI features onto an existing product had hit its limits. The product, built since Hex's founding in 2019, needed hundreds of tools to teach an agent how to use it, could only be reached through MCP by outside agents, and had a compute model poorly suited to agents that run many fast experiments.
Customers faced a related problem: employees were building their own dashboards and reports in tools such as Cursor and Claude and sharing them as HTML files, with no control over permissions or provenance.
What Hex 4.0 changes
Hex 4.0 is designed around the idea that all analysis is code. The aim is to bring analyses made anywhere into a trusted form, with context and permissions enforced. Data teams can define semantic models, mark which data is trusted and write guidance for AI, giving the AI's answers a firm foundation. People who analyze data in Cursor or Claude Code can publish their results to Hex through its command-line tool.
Apps worth a look
SUMO: the number puzzleTap the right tiles, add them up, hit the target. Easy to learn, hard to master. Free, for all ages.
Dialo: learn languages by speakingTalk to an AI conversation partner; every sentence comes back corrected and explained in your language. 9 languages, A1 to C2.
ediviewer: read EDI files like documentsOpen EDIFACT and X12 messages, see every segment explained, convert to JSON/XML, export PDF and Excel. Runs locally, no upload.
giftdetect: the right gift in minutesPick who it is for, the occasion and their personality. The search engine reads product descriptions from local shops and ranks what fits. Free, no sign-up.
