Hex vs IBM
Side-by-side comparison of AI visibility scores, market position, and capabilities
SF collaborative data workspace combining SQL and Python notebooks with interactive app publishing; $172M total including $70M Avra Series C May 2025 serving Reddit, Anthropic, and Figma competing with Databricks Notebooks and Mode Analytics.
About
Hex is a San Francisco-based collaborative data workspace platform — backed with $172 million in total funding including a $70 million Series C led by Avra in May 2025 — providing data analysts, data scientists, and business intelligence teams with a notebook-style environment that combines SQL, Python, R, and no-code visual tools in a single collaborative workspace for data exploration, analysis, visualization, and sharing interactive reports with non-technical stakeholders. Hex serves customers including Reddit, Anthropic, Figma, Rivian, and the NBA with a platform that bridges the gap between technical data work (SQL queries, Python data manipulation) and business communication (interactive dashboards, narrative reports, embedded charts) without requiring separate tools for analysis and presentation.
Armonk NY hybrid cloud and enterprise AI (NYSE: IBM) at $62.8B revenue; $6B+ generative AI bookings, record $12.7B free cash flow 2024, DataStax acquisition for watsonx vector database competing with Microsoft Azure for enterprise AI.
About
International Business Machines Corporation (IBM) is an Armonk, New York-based global technology and consulting company — publicly traded on the New York Stock Exchange (NYSE: IBM) as an S&P 500 component — providing hybrid cloud infrastructure, artificial intelligence software, and enterprise IT consulting through approximately 270,300 employees in 170 countries with $62.8 billion in annual revenue. Founded on June 16, 1911, as Computing-Tabulating-Recording Company through a merger orchestrated by financier Charles Ranlett Flint, renamed IBM in 1924 under Thomas Watson Sr., IBM has undergone multiple strategic transformations over its 110+ year history: building the System/360 mainframe platform (1964), launching the IBM PC (1981), selling the PC division to Lenovo (2005, $1.75B), and completing the $34 billion Red Hat acquisition (2019) that repositioned IBM as a hybrid cloud platform company. CEO Arvind Krishna (appointed April 2020) has focused IBM's strategy on three areas: hybrid cloud (powered by Red Hat OpenShift, the enterprise Kubernetes platform), AI (the watsonx platform for enterprise AI model development and deployment), and enterprise consulting. Under Krishna, IBM recorded $12.7 billion in free cash flow in 2024 (a company record), surpassed $6 billion in generative AI bookings since June 2023, and saw the stock price double — trading at all-time highs through 2024-2025. IBM announced the DataStax acquisition in 2025 to deepen watsonx's data layer with AstraDB (vector database for AI applications), DataStax Enterprise (Apache Cassandra), and Langflow (low-code AI agent development).
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