Data analytics platform Hex raises $100 million in funding, valued at $1.2 billion

On October 28, according to Hex's official blog, data analytics platform Hex announced the completion of a $100 million funding round, reaching a valuation of $1.2 billion. This round was led by Peak XV and 137 Ventures, with participation from Amplify, Avra, a16z, Redpoint, Sequoia, and Zero Prime. Meanwhile, Hex launched its fully rewritten Version 4.0, featuring a native architecture designed for AI agents. Guided by the core philosophy of "everything is code," it utilizes standard code rather than proprietary YAML formats, and enhances the reliability and scalability of cross-tool data workflows through context, control mechanisms, and cumulative reusable capabilities.