Hex
Worth-Joining Index · Scorecard
v2.1 ALPHA · 2026-08Career Score
—/100
Coverage
51%
Verified
0%
Stage cohort
Early
Vibe Check
🎪 community voting coming soon
Latest valuation
$400M
Total raised
~$171.5M total raised (as of 2025-05 Series C)
Traction · Key numbers
Funding
Total raised
~$171.5M total raised (as of 2025-05 Series C)
Rounds
4
Valuation pace
From 2022 Series B to 2025 Series C, valuation reached $400M
$70M
Series C · 2025-05 · valuation $400M post · led by Avra
With: Andreessen Horowitz, Sequoia Capital, Amplify Partners, Box Group, Redpoint Ventures, Snowflake Ventures · Brings total funding to $172M
$28M
Extension · 2023-03
With: Redpoint Ventures, Amplify Partners
$52M
Series B · 2022-03 · led by Andreessen Horowitz
With: Snowflake, Databricks, Redpoint Ventures, Amplify Partners · Customers and revenue grew 4x in 5 months since Series A
$16M
Series A · 2021-10 · led by Amplify Partners
With: Redpoint Ventures
▸Strategic-investor risk: Snowflake and Databricks are both shareholders and potential competitors — either platform could bundle a similar notebook experience for free at any time
▸Three funding rounds in three years (A/B/extension/C) with fresh lead investors each time; Avra leading the Series C at a $400M valuation shows the growth story still lands with new capital
▸~$172M raised against a $400M valuation is middling capital efficiency — no independently disclosed ARR yet to validate it
Founders
Barry McCardel CEO
Palantir alum; worked on data products before co-founding Hex
Caitlin Colgrove CTO
Palantir alum, co-founder and CTO
Glen Takahashi Chief Architect
Palantir alum, co-founder and Chief Architect
Reality · Working here
Signals & Risks
Editorial ✎
Good fit for
· Data scientists and analytics engineers who want a notebook that's actually used by product teams and execs, not just for solo exploratory analysis
· Product designers who like the notebook+BI hybrid form factor — Hex's SQL/Python/visualization stitching is unusually clean
· People who care about customer quality — logos like Reddit, Figma, and Anthropic signal real enterprise sales muscle
Not for
· Those who want pure platform-independence — Hex's value depends heavily on the customer's already-connected cloud warehouse, and its leverage weakens if Snowflake/Databricks ship comparable native tools
· Those who want a clear ARR/growth curve before judging — right now there's only valuation and funding cadence, no independently disclosed revenue metric
Ask in the interview
1. As investors, do Snowflake and Databricks already have Hex-like notebook features on their roadmaps? How do you navigate the structural conflict of 'investor becomes competitor'?
2. What's ARR and net revenue retention post-Series C? Can you quantify Hex's differentiation versus Deepnote, Observable, and cloud vendors' native tools?
3. When customers migrate warehouses or shift multi-cloud strategy, where does Hex's stickiness and switching cost actually show up?
Data changelog
Community corrections → editorial review → applied, fully on the record
data as of 2025-05 · Source: CB Insights ↗
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