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Hazel
AddedMar 17, 2024
UpdatedJun 18, 2026
Hazel

Hazel

AI-powered marketplace enhancing government procurement.

Founded
2024
Accelerator
Y Combinator logoY CombinatorW24
Overview
Compare
Employees
Website

Founded with the mission to revolutionize government procurement, Hazel leverages AI technology to create an efficient and effective procurement marketplace for state and local governments. Their core vision is to modernize the outdated bidding processes, making them more transparent and competitive. Hazel's AI-powered software uses large language models (LLMs) to streamline procurement, attracting high-quality bidders and optimizing outcomes. The company targets the vast market of 19,000 state and local governments in the U.S., which collectively manage $2 trillion in annual procurement.

Hazel has garnered attention from notable investors and industry experts, contributing to its rapid growth and credibility. The company's innovative approach has led to significant achievements in improving procurement efficiency and transparency, ultimately benefiting public sector operations. Hazel's impact is evident in the increased quality of bids and better procurement outcomes for government entities, positioning it as a transformative player in the public sector technology landscape.

Hazel - Similar Companies

Procurement Sciences AI logo

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Hazel - Quick Facts

Who are Hazel's competitors?

Companies similar to Hazel include Procurement Sciences AI, Bidversity, askLio and Sweetspot.

When was Hazel founded?

Hazel was founded in 2024.

How many employees does Hazel have?

Hazel has 2 employees as of Apr 25, 2024.

Hazel - Classification

Ownership
  • Venture Capital
Technology
  • AI
Geographic Exposure
  • United States
Revenue
  • Recurring
  • SaaS
Customer
  • Government
Main Product
  • Procurement Software
Tags
  • Govtech