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Hazel

YC W24

New York City, US · Founded 2024 · 7 employees · 14 known investors

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Hazel AI provides software that automatically generates Request for Proposal (RFP), Request for Quote (RFQ), and Request for Bid (RFB) documents using an agency's templates, past awards, and policies. The tool is designed for government and procurement agencies to rapidly create compliant solicitations.

Also known as Hazel AI Technologies, Inc.

AI & Machine LearningEnterprise SoftwareGovTechProcurementAIUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W24)

Hazel was founded in 2024 by August Chen and Elton Lossner.

ACAugust Chen
August ChenCo-Founder & CEOAugust Chen worked at Palantir on wildfire prevention systems and partnerships. He studied mechanical engineering and computer science at Harvard, graduating in 2020, and has researched climate intervention technologies including stratospheric aerosol deployment.
ELElton Lossner
Elton LossnerCo-Founder & COOElton Lossner studied electrical engineering at Harvard and completed an AI/ML thesis focused on medtech. He previously worked in data engineering at Capital One and aerospace engineering at a space startup, then spent approximately five years at BCG as a Project Leader, where he led strategy and procurement engagements in the Aerospace & Defense and Public Sector practices.

Investors · 14

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

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Agrolimen Venturesreported

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Band of AngelsreportedSan Francisco

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Forward Deployed VCreported

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Gopher US VenturereportedMenlo Park

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H Venture PartnersreportedCincinnati · $250K – $5M

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Papadeas Consulting LLCreported

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Phoenix FundreportedNew York

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Power E HoldingsreportedHouston

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Rebel FundreportedSan Francisco · $100K – $5M

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Romulus CapitalreportedBoston · $250K – $10M

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Seraph GroupreportedMilton · $50K – $2M

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TechstarsreportedBoulder · $220K

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Related companies · 8

AthelasAthelas develops software tools for private practice healthcare providers to reduce administrative burden, improve operational efficiency, and enhance patient scheduling and navigation capabilities.
Applied KineticsApplied Kinetics develops AI agents that manage supplier coordination for energy and data center construction projects, tracking equipment approvals, delivery dates, and delays. It serves project teams building out energy and data center infrastructure.
Procurement SciencesProcurement Sciences offers Awarded AI, an AI platform that helps nonprofit teams identify federal grants, cooperative agreements, and contracts, and draft compliant proposals and grant applications. It serves mission-driven organizations pursuing federal funding, adapting GovCon proposal tooling for the grant environment.
Mandel AIMandel is an AI platform that automates supplier communication and procurement workflows by reading supplier emails, detecting disruptions, and coordinating actions across email, ERP, and document systems for manufacturing and production teams.
GovDashGovDash provides a CRM and proposal development platform for government contractors (GovCon), offering structured bid evaluation, competitor intelligence, pricing analysis, and win tracking features for capture managers.
DexterDexter uses AI to analyze supplier invoices and contracts for procurement teams, identifying opportunities to reduce spending through consolidation and detection of off-contract or leaked expenses.
ZipZip is an AI platform for enterprise procurement that automates and optimizes the B2B purchasing process from intake to payment. The platform serves large enterprises seeking to reduce procurement cycle time, risk, and costs.
ProcotoProcoto is a procurement platform that centralizes vendor management, sourcing requests, and contracts for purchasing teams. It serves organizations in sectors like public sector, property management, construction, and logistics that need to manage vendor sourcing and contract terms at scale.

Companies working in the same space as Hazel.

Legal entities · 1

corporate structure
Hazel AI Technologies, Inc.

In the news

City of Dallas Partners with Hazel AI to Modernize Procurement and Accelerate Public Service Deliveryprnewswire.com · Jul 2025🌰 Hazel: AI procurement software for governmentycombinator.com · Jan 2025Hazel: AI-driven marketplace for government contractsycombinator.com · Jan 2024

Frequently asked questions

What does Hazel do?
Hazel AI provides software that automatically generates Request for Proposal (RFP), Request for Quote (RFQ), and Request for Bid (RFB) documents using an agency's templates, past awards, and policies. The tool is designed for government and procurement agencies to rapidly create compliant solicitations.
Who founded Hazel?
Hazel was founded by August Chen, Elton Lossner in 2024.
Who are Hazel's investors?
Hazel's investors include Partnership Fund for NYC, Y Combinator, Agrolimen Ventures, Band of Angels, Forward Deployed VC, Gopher US Venture, H Venture Partners, Papadeas Consulting LLC and 6 more.
Where is Hazel headquartered?
Hazel is headquartered in New York City, US.