As companies embrace using data, employing more information researchers, a roadblock persists around sharing that data. It needs too much copying and pasting and manual work. Hex, a new startup, wishes to change that by supplying a way to give information throughout the company in a classy and streamlined method.
Today, the business revealed a $5.5 million seed financial investment, and also announced that it’s opening up the product from a restricted beta to be more commonly offered. The round was led by Amplify Partners with assistance from Box Group, XYZ, Data Neighborhood Fund, Operator Collective and a range of specific investors. The business closed the round last July, however is revealing it for the first time today.
Co-founder and CEO Barry McCardel states that it’s clear that companies are ending up being more data-driven and employing data scientists and experts at a quick speed, however there is a concern around data sharing, one that he and his co-founders experienced first-hand when they were working at Palantir.
They chose to develop a purpose-built tool for sharing data with other parts of the organization that are less analytically technical than the data science team dealing with these data sets. “What we do is we make it really easy for information scientists to connect to their information, examine and explore it in notebooks. […] And then they can share their work as interactive data apps that anybody else can utilize,” McCardel discussed.
Most data researchers deal with their data in online note pads like Jupyter where they can build SQL inquiries and get in Python code to arrange it, chart it, etc. What Hex is doing is developing this super-charged note pad that lets you pull a data set from Snowflake or Amazon Redshift, deal with and format the information in an easy way, then drag and drop elements from the note pad page — — possibly a chart or an information set — — and very rapidly construct a sort of app that you can show others.