Funds for US Data Management and Collaboration Firms

Two California-based data firms have announced Series A funding wins. San Mateo's Nexla, which offers no code / low-code data integration tools has raised $12m; while San Francisco company Hex Technologies has secured $16m for its real-time data collaboration workspace software.

Nexla, founded in 2016 and led by CEO Saket Saurabh (pictured), helps organisations get ready-to-use data to more applications and users via a unified platform for data delivery, integration and monitoring. User teams in sectors including e-commerce, insurance, travel, and healthcare can create 'scalable, repeatable, and predictable data flows for any data use case'. The round was led by Industry Ventures with participation from a number of other VC firms and angel investors.

Hex is led by co-founders Barry McCardel (CEO) Glen Takahashi (Chief Architect), and provides a collaborative data workspace: users can connect to data sources like Snowflake, analyze the data in collaborative SQL and Python notebooks, and publish their own interactive data apps for general usage. This round, which brings the firm's total raised to date to $21.5m, was led by Redpoint Ventures with participation from previous investors Amplify Partners, as well as other VC and individual investors. Redpoint MD Tomasz Tunguz joins the Hex Board of Directors.

Web sites: www.hex.tech and www.nexla.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.