Quild #19: Hex

How data teams model

14 Feb

This is the Quild daily, highlighting one early-stage startup that has statistically significant signals of becoming a unicorn.

Hex is a collaborative data workspace that makes it easy to go from idea to analysis to sharing. Work in SQL and Python notebooks, collaborate live, and publish interactive data apps anyone can use.

Founders: Barry McCardel (CEO), Caitlin Colgrove (CTO)

Signals:

  1. Venture-backed experience

    1. Barry worked in BizOps at Trial Spark, backed by Felicis, Spark, Sequoia

    2. Caitlin worked as an engineer at Remix, backed by Sequoia acquired by Via

  2. Top company alumni

    1. Barry worked as a client-facing consultant at Palantir and PwC for ~7 years

    2. Caitlin worked as an engineer at Palantir for ~7 years

  3. Top university alumni

    1. Barry graduated with a BS from Northwestern University

    2. Caitlin graduated with a BS and MS in Computer Science from Stanford University

  4. Accelerated financing

    1. Announced seed in Mar 2021, announced series A in Oct 2021

  5. Fast team growth

    1. ~3x YoY to 37 employees and still hiring a bunch

  6. Midas list investors

    1. Redpoint led series A

    2. Amplify led seed

Till tomorrow, Kenn