Hex Raises $100M at $1.2B Valuation for New Agentic Analytics Platform

Hex raised $100M in a funding round led by Peak XV Partners and 137 Ventures, valuing the company at $1.2B. The round included participation from a16z, Sequoia, Redpoint, AvraCap, ZeroPrimeVC, and Amplify Partners to support the company's transition toward agentic AI. Alongside the funding, Hex launched Hex 4.0, a platform rebuild designed to allow AI agents to work directly with data using a code-based foundation.