Hex announces $100 million funding round and releases Hex 4.0

Data analytics platform Hex has completed a $100 million funding round at a $1.2 billion valuation, led by PeakXV with participation from a16z, Sequoia, Redpoint, and others, while also releasing Hex 4.0, rewritten from scratch. Hex 4.0 takes "everything is code" as its core assumption, rebuilding its data model and compute engine for the agent-native era to address issues with the old version such as tool bloat, external agent compatibility, and concurrency performance. Hex says more than 2,500 customers already use its product.