Hazel
Hazel Employees
No people found yet for this company.
Hazel's Services
Hazel offers a comprehensive suite of AI-powered procurement software designed to streamline the bidding process for state and local governments. Key features include a Personalized Executive Assistant to handle mundane tasks, Best-in-Class RFP Construction for crafting detailed responses to government solicitations, Winning Business Insights to analyze successful and unsuccessful bids, and Compliance Management for ongoing contract performance. Hazel’s platform aims to bring in more high-quality bidders and deliver better outcomes for government contracts by making the entire process more efficient and equitable.
Hazel's Use of AI and LLMs
Hazel leverages Artificial Intelligence (AI) and Large Language Models (LLMs) to significantly enhance the government procurement process. These technologies accelerate and improve the bidding process by automating routine tasks, providing valuable insights, and ensuring compliance with government regulations. By using AI and LLMs, Hazel helps businesses secure millions in government contracts with minimal effort, thereby increasing the quality and quantity of bidders for government projects. This technological edge sets Hazel apart in the GovTech industry, making it easier for government agencies to issue and manage contracts.
Hazel's Market Reach
Hazel operates in New York, NY, USA, and offers its services remotely, making it accessible to a broad range of clients across the United States and Canada. The company targets state and local governments, providing its AI-powered procurement software to over 19,000 agencies. Hazel’s platform supports a wide variety of government contract opportunities, including sectors like cars, landscaping, chatbots, hardware, consulting, and websites. The company's remote capabilities and extensive market reach ensure that it can serve a diverse client base effectively.
Hazel's Y-Combinator Involvement
Hazel is a part of the prestigious Y-Combinator batch W24, a notable accelerator program that supports startups with funding, mentorship, and resources. Being part of Y-Combinator provides Hazel with significant advantages, including access to an extensive network of investors, advisors, and industry experts. This involvement underscores Hazel’s credibility and potential for growth within the GovTech sector. The support from Y-Combinator helps Hazel in refining its product offerings and scaling its operations to better serve government agencies and businesses alike.
Hazel's Impact on Government Contracting
Hazel is revolutionizing the way government contracts are issued and managed by providing an AI-enabled equitable marketplace. The platform helps government agencies issue tens of thousands of contracts annually, ensuring better outcomes through higher quality bids and streamlined processes. Hazel’s compliance management features ensure that businesses can maintain necessary standards, such as tracking timesheets, maintaining insurance coverage, and adhering to cybersecurity protocols. By facilitating these processes, Hazel plays a crucial role in enhancing the efficiency and transparency of government contracting, ultimately benefiting both government entities and private sector bidders.