New York-based Hatz AI, which makes tools for managed services providers to help small businesses adopt AI, raised a $24M Series A (CJ Fairfield/CRN)
'Small businesses are trying to figure out how to transform themselves right now into being AI-first or AI-native, and it's a job that's very, very hard to do without help.
New York-based Hatz AI Inc. has raised $24 million in a Series A funding round. According to SiliconANGLE, the round was led by Nadia Partners with participation from Vestigo Ventures and The Private Shares Fund. Techmeme reports the company develops tools for managed services providers to assist small businesses in adopting artificial intelligence.
The funding is intended to help Hatz AI scale an MSP network that currently covers all 50 U.S. states, nine Canadian provinces, and nine other countries, SiliconANGLE reports. Co-founder and Chief Executive Jimmy Hatzell told SiliconANGLE that small and medium-sized businesses risk being left behind by the AI revolution because they often lack the budgets, in-house experts, and ability to manage complex third-party tools and security.
Techmeme notes that small businesses are currently struggling to transform into AI-first or AI-native entities without assistance.
Brief written by urgent.news from Techmeme, SiliconANGLE — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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