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.

Hex app example with data elements at the top and live graph below it.

Image Credits: Hex The startup has 9 workers including co-founders McCardel, CTO Caitlin Colgrove and VP of architecture Glen Takahashi. “We have actually focused on the group front from an early phase, making sure that we’re building a varied group. And in fact today our engineering team is bulk female, which is certainly the first time that that’s ever happened to me,” Colgrove said.

She is also part of a little percentage of female founders. A report last year from Silicon Valley Bank, discovered that while the number was heading in the right direction, just 28% of United States startups have at least one female founder. That was up from 22% in 2017.

The business was established in late 2019 and the creators invested a great part of in 2015 working and building the item with design partners. They have a little set of paying clients, and are aiming to expand that starting today. While clients still require to deal with the Hex team for now to start, the plan is to make the item self-serve a long time later on this year.

Hex’s early consumers consist of Glossier, imgur and Pave.

Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.