Hex announced Hex 4.0 as a from-scratch rewrite for agent-native analytics. It assumes everything is code and needs context and controls. Hex also closed a $100M funding round at a $1.2B valuation. Peak XV led the round with other investors joining. Hex sees the old BI paradigm as over. It believes code-based platforms with trust and governance will replace it. The new architecture enables features impossible on the old one. Hex used agents to write the code for Hex 4.0.
What changed
Hex was built on a 2020-2021 architecture with AI added later.
What it unlocks
Building agent-native analytics on a code-first platform with context and controls.
- $100M funding round
- $1.2B valuation
Sources