Data tool maker Hex raises $100M, now valued at $1.2 billion

Hex Technologies, a company that makes data analysis software, has raised $100 million in a Series D funding round. The round was led by Peak XV and values Hex at $1.2 billion. Hex says it has rebuilt its platform so AI agents can work with it. The news was reported by Tim Keary at Forbes.

What Hex does

Hex provides data analytics tools. These are programs that help companies look at their numbers and turn them into reports and charts. A Series D is a later round of funding, usually raised by a company that is already established. Peak XV is the investment firm that led it.

What an AI agent means here

An AI agent is software that can take on a task for you, not just answer a single question. Hex says it rebuilt its platform with these agents in mind. The material does not explain how the new version works or what it can do today.

Who it affects

The most direct audience is any business that relies on reports and dashboards. Many teams wait on an analyst to pull numbers or build a chart. Tools like this aim to let AI handle some of that work. Expect more products to make that pitch.

What is not known yet

• How Hex plans to spend the $100 million.
• What the rebuilt platform costs or who can use it now.
• How well the AI agents perform on real company data.
• Whether other investors joined the round.

Until those details come out, the main signal is the size of the bet. A $1.2 billion value suggests investors expect strong demand for AI-driven data tools.