Hazel
Hazel is a New York-based company that develops AI-powered procurement software for state and local governments across the United States, aiming to streamline the bidding process and enhance the quality of government contract outcomes.
Services
Hazel provides AI-powered procurement software specifically designed to serve state and local governments. The company offers a range of features including a Personalized Executive Assistant to aid with mandatory and mundane tasks related to government contract bidding, Best-in-Class RFP Construction, Winning Business Insights, and Compliance Management. These services aim to help businesses secure government contracts with minimal effort, improve the bidding process, and ensure compliance throughout the contract's execution.
Products
Hazel's primary product is an AI-enabled procurement platform tailored for government contracts. The platform offers key features such as a Personalized Executive Assistant to automate mundane tasks, Best-in-Class RFP Construction to handle detailed solicitation responses, Winning Business Insights for analyzing and improving bid success rates, and Compliance Management for tracking timesheets, insurance, and cybersecurity protocols. These features are designed to attract more high-quality bidders and result in better outcomes for government agencies.
Industry
Hazel operates within the Government and GovTech industries. The company focuses on providing technology solutions that facilitate and improve the government procurement process. This encompasses state and local governments within the United States and Canada, along with remote and fully remote operations. The company leverages large language models (LLMs) to enhance the efficiency and accuracy of bidding processes, targeting sectors that issue a high volume of contracts annually.
Regions
Hazel serves a diverse array of regions including the United States of America, Canada, and remote or fully remote locations. The company maintains a physical presence in New York, NY, USA while also offering remote services. This allows Hazel to cater to a broad customer base across various geographical locations, ensuring government agencies and businesses alike can access its services regardless of location.
Y-Combinator Batch W24
Hazel is a participant in the Y-Combinator Winter 2024 (W24) batch. Y-Combinator is a well-known startup accelerator that provides funding, mentorship, and resources to promising young companies. Through this program, Hazel aims to further develop its AI-driven procurement software and expand its market reach within the government sector.